The Tesla CEO first proposed the Hyperloop—a long system of reduced-pressure tubes that would allow for super-high-speed travel between San Francisco and Los Angeles—two years ago. The concept, laid out in a nearly 60-page public white paper, looked crazy to some, maybe impossible.
But a private company called Hyperloop Transportation Technologies (no affiliation with Musk or Tesla) has picked up the mantle of making the Hyperloop real. The company first announced back in February that it had plans to build a five-mile test track in California. Now it has closed a deal with local landowners in central California to begin construction of it along a stretch of road right near the Interstate 5 freeway between Los Angeles and San Francisco, according to the Navigant Research blog.
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SOURCE: Fortune, Daniel Roberts
