SpaceX has announced that it has begun preparations to bring the “Hyperloop” project—touted as the super‑fast transportation system of the future—to life.
In a statement from the California‑based company, it was noted that a competition has been launched to design the high‑speed transport capsules.
“SpaceX has opened a competition for university students and independent engineering teams to design and build the best Hyperloop capsule,” the statement added.
Teams taking part in the contest will present their full‑scale designs at an event scheduled for June 2016.
SpaceX announced that a test track will also be built for participating teams to showcase their designs. The 1.6-kilometer-long track will be constructed near the company’s headquarters in Hawthorne, California, and is expected to be completed within a year.
Elon Musk, founder of both SpaceX and electric car manufacturer Tesla Motors, first revealed the Hyperloop project to the public in 2013. The project aims to reach speeds of up to 1,220 kilometers per hour using compressed air.
Described by Musk as the "fifth mode of transportation" after air, sea, road, and rail, the project envisions a transportation system consisting of air-pressurized tubes through which passenger capsules would be launched from one point to another.
The project aims to provide high-speed transportation using minimal energy by utilizing electromagnetic magnets and compressor fans that minimize friction.
When introducing the project, Musk stated that Hyperloop capsules would cover the approximately 600-kilometer distance between San Francisco and Los Angeles in just 35 minutes. In comparison, the same trip by car takes about 6 hours.