Sentences with phrase «working hyperloop»

Hyperloop Transportation Technologies, a group of about a hundred engineers from around the world, have come together via the JumpStartFund crowdsourcing platform to pitch together their ideas for a working Hyperloop system in exchange for potential equity.

When that happens, the world will be watching, and not just for the promised sustainability — Quay Valley also plans to feature the world's first working Hyperloop, built by Hyperloop Transportation Technologies at an estimated cost of $ 100 million to $ 150 million.

He remains close to members of both startups currently in the lead to produce the first working Hyperloop — Hyperloop Transportation Technologies, or HTT, and Hyperloop Technologies Inc., or HTI.

But before either company can build a working Hyperloop system, plenty of questions remain.

But before either company can build a working Hyperloop system, a number of financial questions remain.

More than 2,500 cities around the world — many of which had the support of their local governments — submitted proposals to be among the first locations with a working Hyperloop.

Not exact matches

DUBAI, United Arab Emirates — The Dubai - based port operator DP World put its name Sunday on the hyperloop technology it has already spent millions of dollars to develop as work continues to make it operational across the grand plans of its designers.

Elon Musk released plans for his Hyperloop high - speed transit system on Monday, following days of speculation on what it was and how it would work.

(A representative for Hyperloop One wouldn't confirm or deny that figure to Inc.) placeholder That's an extremely high number for a company that is still yet to prove its technology works at full scale.

Teams developing pods to work on the superfast transport system hyperloop are heading to California to test their devices at SpaceX.

Next week, Musk's SpaceX is hosting a capsule design competition where high school and college students will present designs in hopes of winning a $ 50,000 prize and the opportunity to work with HTT competitor Hyperloop Technologies.

«Phase 1 proved that our technology works and that Hyperloop is real.

Virgin Hyperloop One, which has been testing in Nevada with speeds reaching 240 miles an hour, is working to meet a goal of having three production systems in service by 2021, according to its website.

In addition to SpaceX, the entrepreneur serves as chief executive of Tesla Motor Co., an electric car company, is chairman and co-founder of SolarCity and is working to build a high - speed «Hyperloop» transportation system, which — in theory — could revolutionize travel by cutting commute time from Los Angeles to San Francisco to 30 minutes.

While these teams, along with larger companies such as Hyperloop One and Hyperloop Transportation Technologies, are working on solving the technical issues of the hyperloop, other challenges exist ahead for the transportationHyperloop One and Hyperloop Transportation Technologies, are working on solving the technical issues of the hyperloop, other challenges exist ahead for the transportationHyperloop Transportation Technologies, are working on solving the technical issues of the hyperloop, other challenges exist ahead for the transportationhyperloop, other challenges exist ahead for the transportations system.

More than 20 teams developing pods to work on the hyperloop, the superfast transport system, are heading to California this weekend to test their devices at SpaceX's test track.

Indeed, with companies like Hyperloop One touting nearly supersonic travel speeds, the need to reside close to where you work could be completely eliminated.

«The implications tie back to the founding vision that we've had of turning cities into metro stops, changing the meaning of where you live and where you work, unlocking economic opportunity in areas that might be currently locked away by lack of infrastructure or lack of transportation solutions,» Hyperloop One co-founder Shervin Pishevar told the Verge.

The teams behind those three routes will work closely with Hyperloop One to analyze logistics and financing.

Giegel had also met Branson several times when he worked as a engineering team leader at Virgin Galactic just before he left to found Hyperloop One.

«We look forward to working with the Missouri Hyperloop Coalition in continuing to develop Missouri's Hyperloop One proposal from Kansas City to St. Louis.»

They are leveraging the same hyperloop tube and pod technologies that they have been working on for years now — albeit the fact that it was mainly aimed at passenger travel.

Over the next few months, when Musk was asked about it, he said that when he had time he might publish an open - source version of this Hyperloop plan for others to work on, and meanwhile he offered more opaque clues as to what his idea was («a cross between a Concorde and a rail gun and an air - hockey table... if they had a three - way and had a baby somehow»), which inspired lots of online speculation, much of it deeply skeptical.

Most companies working on hyperloop systems are currently focused on the actual low - pressure tunnel and propulsion sub-systems and not the interior of the passenger pods.

But, leaked internal documents from Hyperloop One, one of two companies working to make Musk's dream a reality, reveal the estimated cost for a 107 - mile route in the Bay Area, California is between $ 84m and $ 121m per mile.

This begs an interesting question — if the Hyperloop works, how big of a disruptive force would it be for the airline industry?

According to Wired, the project also just announced that it has garnered up to 400 team members to work on the Hyperloop.

Those experts state that not only can we have a Hyperloop train running in California within a decade, but that it will cost between $ 7 and $ 16 billion, which is actually a lot less than the high - speed rail system that the state is working on.

Hyperloop One is not the only company that is working on putting up a Hyperloop system in Europe though.

Although many discredit Elon Musk's idea for his Hyperloop transit system, plans are in the works make it a reality.

Sure, there's a risk involved with working on a project that could yield practically nothing — but the excitement of the expanding project team and multiple investors has started to give the Hyperloop a more realistic shape.

Now, Musk has founded a new division called Hyperloop Transportation Technologies, which has employed hundreds of experts and researchers to work on the project.

However, it seems that the Virgin Hyperloop One is currently the only working prototype that comes close to Musk's vision.

The Hyperloop could change the way we travel or even commute to work on a daily basis.

The other startup working on the Hyperloop, aptly called Hyperloop Technologies, is laying out its own track in the California desert.

Hyperloop One, a three - year - old, L.A. - based company working to create near - supersonic trains that can whisk both passengers and cargo in giant pneumatic tubes at speeds of many hundreds of miles per h

John Catsimatidis, CEO of the Red Apple Group, also said that Penn Station would be a good place for a potential Hyperloop station and that somewhere by Hudson Yards could also work.

SpaceX, which technically owns the Hyperloop program, has already invited a cadre of 29 college teams to a competition in Los Angeles to present their working concepts on a company track.

And if flying through the air in an autonomous drone isn't your bag, perhaps you'd be more interested in tube - based travel: Dubai is working with LA - based startup Hyperloop One to build the world's first passenger - ready hHyperloop One to build the world's first passenger - ready hyperloophyperloop.

Hyperloop Transportation Technologies (HTT), a research company committed to building the revolutionary Hyperloop transit system, inspired by Elon Musk's idea of making people travel in high - speed tubes, has secured a target launch date of 2016 to build a working full - scale demo version of the Hyperloop.

Wednesday morning, in the Nevada desert, one of the companies working to develop a hyperloop will deliver a proof of concept — the first full - scale demonstration of the transportation technology that will be able to travel at speeds over 300 mph in an open - air environment, potentially changing the future of transit along the way.