Elon Musk’s Hyperloop Competition Set A New World Record

Imagine getting from Los Angeles to San Francisco in just about 30 minutes. That kind of high-speed travel is the end-game of SpaceX’s Hyperloop, and teams around the world are working hard to come up with the right pod for the job.

Three such teams gathered at SpaceX headquarters in Hawthorne, California, last Sunday to compete in the third SpaceX Hyperloop Pod Competition. From a starting group of 20 teams, these three qualified to launch on SpaceX’s Hyperloop track.

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The Man Creating The First Supersonic Hyperloop (HBO)

Shervin Pishevar is a startup investor and one of the central social figures in Silicon Valley. He recently founded Hyperloop One, a project to move people long distances through tubes at supersonic speeds.

His reputation and fortune come largely from a single investment he made in 2011 while at the VC firm Menlo Ventures: a $26 million stake in a small ride-hailing app called Uber. Those shares are now worth more than $5 billion.

Pishevar’s friend Elon Musk came up with the idea for Hyperloop, which promises to take passengers from L.A. to San Francisco in 35 minutes with no friction and no pollution, and handed it off to Pishevar to develop.

The company is working on a plan to build a link between Abu Dhabi and Dubai, but we likely won’t see a Hyperloop in America anytime soon. Pishevar’s project has raised only $160 million, while some estimate it will cost up to $100 billion to complete a loop between L.A. and San Francisco.

Read: “Trump and a bunch of Silicon Valley CEOs sat at a big table and pretended to like each other” – http://bit.ly/2i3pXfW

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