Last year, Tesla Motors CEO Elon Musk revealed plans for the Hyperloop, a subterranean transit system intended to get passengers from Los Angeles to San Francisco in 30 mins. Since the reveal, however, the project went quiet, with Musk opening the idea up for others to pursue. And more than a year later, others have.
Hyperloop Transportation Technologies has entered a new stage of the project, and will reveal financial and engineering research results later this week. The company is based on a network of more than a hundred professionals from companies such as Tesla, Boeing and SpaceX –– and all of them are working for free. However, if the model works, all of the volunteers will receive a share of the company's profits down the road.
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