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TechElon Musk

Elon Musk’s craziest project is about to become real

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
February 26, 2015, 2:23 PM ET
Hyperloop Travel
An image released by Tesla Motors, is a sketch of the Hyperloop capsule with passengers onboard.Sketch by Tesla Motors/AP

Elon Musk’s futuristic Hyperloop tube-based transit system is getting a lot closer to happening.

A company called Hyperloop Transportation Technologies says it’s ready to build a five-mile prototype track for the Hyperloop system first proposed by Musk in a 2013 paper. HTT plans to build the track in California’s Quay Valley for an estimated $100 million, according to CNBC.

The prototype Hyperloop track won’t have the distance or supersonic speeds Musk originally desired, though.

“It’s not a test track,” HTT CEO Dirk Ahlborn toldWired of the Hyperloop project. “Speed is not really what we want to test here.”

Hyperloop Transportation Technologies isn’t the only group working on a Hyperloop prototype: Musk himself tweeted last month he’s working on a test track “most likely in Texas.”

Will be building a Hyperloop test track for companies and student teams to test out their pods. Most likely in Texas.

— Elon Musk (@elonmusk) January 15, 2015

The Hyperloop is a theoretical system in which passenger-carrying vessels would blast through low-pressure tubes at ultra-high speeds with the help of induction motors and air compressors.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Coins2Day's managing editor, leading operations for the newsroom.

Prior to rejoining Coins2Day, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Coins2Day in 2014.

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