The Hyperloop sounds like science fiction, Elon Musk’s pipe dream: leapfrog high speed rail and go right to packing us into capsules that fling us across the country in hours using what are, essentially, pneumatic tubes. It sounds crazy, when you think about it.
It’s starting to look a little less crazy.
Hyperloop Transportation Technologies announced today that it has signed agreements to work with Oerlikon Leybold Vacuum and global engineering design firm Aecom. The two companies will lend their expertise in exchange for stock options in the company, joining the army of engineers from the likes of Boeing and SpaceX already lending their time to the effort.
“It’s a validation of the fact that our model works,” says Dirk Ahlborn, CEO of Hyperloop Transportation Technologies. “It’s the next step.”
The Hyperloop, detailed by the SpaceX and Tesla Motors CEO Elon Musk in a 57-page alpha white paper in August 2013, is a transportation network of above-ground tubes that could span hundreds of miles. With extremely low air pressure inside those tubes, capsules filled with people would zip through them at near supersonic speeds. Musk published the paper encouraging anyone interested to pursue the idea, since he’s kinda a busy guy.
That timing lined up with the beta launch of JumpStartFund, a startup that combines elements of crowdfunding and crowd-sourcing to tackle ambitious projects like revolutionary transportation infrastructure. JumpStartFund created Hyperloop Transportation Technologies, Inc, which brought together engineers willing to spend their free time working on the design in exchange for stock options.
The startup plans to start construction on a full-scale, passenger-ready Hyperloop in 2016. The prototype will run 5 miles through Quay Valley, a planned community rising from nothing along Interstate 5, midway between San Francisco and Los Angeles. Ahlborn says he’s got several potential investors.