Hyperloop Transportation Technologies (HTT), has announced that construction for a passenger-ready Hyperloop will begin next year.
Hyperloop Transportation Technologies, also known as HTT, is a research company formed using a crowd collaboration approach (a mix of team collaboration and crowdsourcing) to develop a transportation system based on the Hyperloop concept, which was envisioned by Elon Musk in 2013
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A five-mile stretch of the Hyperloop system will be built in a new "sustainable 21st Century town" midway between Los Angeles and San Francisco called Quay Valley, which is also set to be built in 2016.
Wired has reported that HTT is looking at an open auction IPO offering to raise the money. HTT is looking to raise $100 million to build the test track (the full version is projected to cost between $7 and $16 billion).
Hyperloop as envisioned by Elon Musk was to develop a high speed, intercity transporter using a low pressure tube train which would reach a top speed of 800 miles per hour (1,300 km/h) with a yearly capacity of 15 million passengers
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Hyperloop Transportation Technologies, also known as HTT, is a research company formed using a crowd collaboration approach (a mix of team collaboration and crowdsourcing) to develop a transportation system based on the Hyperloop concept, which was envisioned by Elon Musk in 2013
Wired has reported that HTT is looking at an open auction IPO offering to raise the money. HTT is looking to raise $100 million to build the test track (the full version is projected to cost between $7 and $16 billion).
Hyperloop as envisioned by Elon Musk was to develop a high speed, intercity transporter using a low pressure tube train which would reach a top speed of 800 miles per hour (1,300 km/h) with a yearly capacity of 15 million passengers
Read more »
