Elon Musk's Hyperloop completes maiden successful test run

The Hyperloop transportation system

On Wednesday in the desert north of Las Vegas, Hyperloop One Inc.is planning the first test of the propulsion system that is essential to the high-speed transportation invention.

Some of the prestigious partners as announced by Hyperloop One, include the names of the French National Railway Company SNCF, Western Technology Investment, GE Ventures and others.

Executives with the Los Angeles-based company say the system could whisk people the 560 kilometres from Los Angeles to San Francisco in 30 minutes.

In the Nevada test, the speed was accelerated to 116 miles per hour in 1.1 seconds, which shows a ideal proof of the prototype which will be used in the final design.

You see, there are two companies - Hyperloop One (formerly Hyperloop Technologies) and HTT (which stands for Hyperloop Transportation Technologies) - competing to be the first to get Musk's brainchild up and running. While Hyperloop One's test was a success, we reckon we're still pretty far off from zipping around in tubes.

Hyperloop One aims to build a transport system that can carry passengers inside steel vacuum tubes at 750 miles per hour.

The company will continue to use the small track, but in the coming months, it will also break ground on the larger 2-mile test track on more than 10 acres it purchased at the industrial park. The idea came out of a 58-page white paper put out by Elon Musk in August 2013.

"This is about validating the hardware and software, " said Hyperloop One co-founder and chief technology officer Brogan BamBrogan.

Hyperloop Technologies has just rebranded into Hyperloop One, and is now $80 million richer after closing its Series B round of financing.

Hyperloop technology offers the possibility of moving people and things at great speeds without using fossil fuels.

"Our "Kitty Hawk" moment refers to our first full system, full scale, full speed test", Lloyd said.

"When you think of hyperloop, you think maybe this is gonna happen years from now", CEO Rob Lloyd said in a video released by the company.

"Hyperloop has the potential to solve many of today's most complex long-distance transport issues", said Gregory Hodkinson, Arup Group chairman, also in a statement. And for what seems as many years, I've been promised that one day the technology will exist to beam me Star Trek-style from the Bay Area to SoCal in an hour or less. Hyperloop One will accept competitive proposals up to September 15, and the winning proposals will be selected in March 2017, company officials said.

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