"We feel now that we're at a stage where questions are answered on a theoretical level so now we're moving on to prototyping," Dirk Ahlborn, CEO of Hyperloop Transportation Technologies (HTT), told IBTimes UK.
To begin, the first 5-mile stretch Hyperloop system will begin construction in 2016 in a brand-new sustainable community called Quay Valley, located between Los Angeles and San Francisco. "This five-mile stretch will allow us to completely test the technology, from the boarding process to the safety procedures - really everything except top speed," Ahlborn said.
Musk's vision sees the Hyperloop as a 400-mile long network of above-ground tubes with very low air pressure inside them, which allows bus-sized capsules to travel through those tubes at near supersonic speeds (approaching 800 mph). When built, the full-scale version of the vacuum transportation network will take passengers and freight at speeds of up to 760mph. The system is being deemed as a 1000% improvement on today's transport.
"We will move people and cargo at speeds never thought possible. We will make the world smaller, cleaner and more efficient," states HTT on their official website.
Almost 200 engineers from NASA, Yahoo!, and Airbus are involved in the project realization. There is also a group of 25 students from University of California (UCLA) working on different issues including cost estimation, route planning, and capsule design.
This proposed transportation system is extraordinary, with a glowing potential to change the way the world commutes as we know it. Someone in New York could simply hop on and be in Miami in under 2 hours, or Los Angeles in just over 3 hours. Not to mention how much more affordable this type of transportation will likely be compared to flying. We are so excited about this! Stay tuned for more updates on the Hyperloop as things progress.