• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Tech

MIT Wins Hyperloop Competition, And Elon Musk Drops In

By
David Z. Morris
David Z. Morris
Down Arrow Button Icon
By
David Z. Morris
David Z. Morris
Down Arrow Button Icon
January 31, 2016, 11:43 AM ET
SpaceX Hyperloop Pod Competition Design Weekend
Texas A&M University hosts SpaceX Hyperloop Pod Competition Design WeekendGabriel Chmielewski - Texas A&M

A student-led Hyperloop design team from the Massachusetts Institute of Technology was named the winner on Saturday of a SpaceX-organized competition to build passenger pods for the futuristic transportation system known as the Hyperloop. Teams from Delft University in the Netherlands, The University of Wisconsin-Madison, Virginia Tech, and University of California at Irvine rounded out the top five finishers.

Elon Musk, CEO of Tesla Motors and SpaceX first publicized the idea of a Hyperloop in 2013 in which pods would carry passengers and cargo through tubes at up to 700 miles per hour. The pods would levitate on either air cushions or magnetic fields while they travel though tubes that are kept at low pressure to reduce air resistance.

SpaceX organized the Hyperloop Pod Competition Design Weekend at Texas A&M in College Station to help accelerate development of a functional Hyperloop. A total of 22 student teams, and one non-university team organized through online forum Reddit, advanced through the first phase of the competition and will test their pods this summer on a SpaceX-built Hyperloop test track in Hawthorne, Calif. The field included 115 teams that had been winnowed from more than 1,000 applicants.

Twelve awards were also given to teams that focused on particular subsystems and design concepts.

Get Data Sheet, Coins2Day’s technology newsletter.

After the finalists were named, the crowd got a surprise when Musk himself strolled onto the stage to give an unscheduled pep talk to the jubilant crowd.

“I have a good feeling about this,” he said about the competition. “I think the work you guys are doing is going to blow people’s minds.”

The competition results were based on concept designs, and teams will spend the next six months building their pods at roughly half scale. Musk encouraged the teams to take a hands-on approach.

“You want to do a lot of dry runs with your pod,” he said. “Test it out very thoroughly, as close to the competition conditions as possible.”

Peter Chamberlain, a member of the winning MIT team, acknowledged that the construction and testing phases will be at least as challenging as the initial design. All of the teams will need to raise significant funding to build their pods, and he said his team is already actively looking for sponsors. It’s also considering a crowdfunding campaign.

“Now we have to do a lot of thinking,” echoed Keio University team member David Chew. His team, like a rival team from Delft in the Netherlands, will have the additional challenge of getting its multi-ton pod across an ocean.

Prizes for the teams with the best performance on the test track have not been finalized, but Musk provided new details of exactly how the next phase of the pod challenge will work. “The basic idea of the competition is that we want to get to the highest possible speed,” he said. The test track in Hawthorne will have a large display showing each pod’s speed, for what he anticipates will be a large audience.

“And then, of course, you have to slow down before the end,” continued Musk, laughing. “There’ll be a bit of tension – will it brake in time?”

For more straight talk from Elon Musk, watch our video.

Also finishing in the top 22 were teams from Carnegie Mellon University, Japan’s Keio University, Oral Roberts University, and Texas A&M itself. According to judges, between 3 and 10 more teams will also be invited to the finals after further review.

In addition to the student teams, private companies have begun work on various aspects of the Hyperloop project. The most progress has been made by Hyperloop Tech, whose Chief Technology Officer, Brogan BamBrogan, said in an interview at the event that the Hyperloop will be roughly as energy efficient as a conventional train, and much more efficient than high-speed rail or conventional magnetic levitation trains–while moving faster than any of them.

Musk went on to answer questions from the audience for about 20 minutes, in what has become his signature style – relaxed, forthright, and slightly awkward. He reiterated his desire to colonize Mars, and expressed some surprise that the Hyperloop concept has sparked such fascination, including from hundreds of members of the public who came to the event from as far as Dallas. He also gave a glimpse of what could be his next big idea.

“I’ve been thinking about the vertical takeoff and landing electric jet a bit more,” Musk said. “I think I have something that might be close.”

“I’m quite tempted to do something about it.”

About the Author
By David Z. Morris
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

NewslettersCIO Intelligence
WPP’s CTO says AI is reshaping advertising. But creative judgment needs to remain in human hands
By John KellJanuary 21, 2026
9 hours ago
Future of Workskills
‘AI adoption is accelerating, but confidence is collapsing’: The more workers use AI, the less they trust it. Baby boomers show a 35% drop
By Jake AngeloJanuary 21, 2026
10 hours ago
US President Donald Trump jokes with Meta CEO Mark Zuckerberg (L) as he hosts tech leaders for a dinner in the State Dining Room of the White House in Washington, DC, on September 4, 2025.
AIMeta
Trump says Mark Zuckerberg showed him a ‘Manhattan-sized’ AI data center
By Eva RoytburgJanuary 21, 2026
10 hours ago
Illustration of Claude 4 open on a smartphone
AIAnthropic
Anthropic rewrites Claude’s guiding principles—and entertains the idea that its AI might have ‘some kind of consciousness or moral status’
By Beatrice NolanJanuary 21, 2026
11 hours ago
Jensen Huang
SuccessCareers
Six-figure plumbing and construction jobs are coming, Nvidia CEO Jensen Huang says—as AI data centers need to be built
By Preston ForeJanuary 21, 2026
11 hours ago
huang
InvestingDavos
Jensen Huang says AI bubble fears are dwarfed by ‘the largest infrastructure buildout in human history’
By Nick Lichtenberg and Beatrice NolanJanuary 21, 2026
11 hours ago

Most Popular

placeholder alt text
AI
Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics
By Sasha RogelbergJanuary 19, 2026
3 days ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, January 20, 2026
By Joseph HostetlerJanuary 20, 2026
2 days ago
placeholder alt text
Politics
Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’
By Eleanor PringleJanuary 21, 2026
11 hours ago
placeholder alt text
Economy
Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it. Right now it just goes to the Washington ‘swamp’
By Eleanor PringleJanuary 21, 2026
11 hours ago
placeholder alt text
Economy
Scott Bessent insists he’s ‘not concerned at all’ about investors selling America—despite the fact it’s unraveled tariffs before
By Eleanor PringleJanuary 21, 2026
16 hours ago
placeholder alt text
Economy
Trump added $2.25 trillion to the national debt in his first year back in charge, watchdog says
By Nick LichtenbergJanuary 20, 2026
1 day ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.