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SpaceX announces design competition for Hyperloop
June 15, 2015 /
Billionaire Elon Musk wants to jump-start his Hyperloop high-speed transit system.
Musk’s rocket-building company, SpaceX, announced Monday that it plans to build a 1-mile test track next to its headquarters in the Los Angeles suburb of Hawthorne and will hold a competition there next year to test designs for passenger-carrying Hyperloop pods.
It’s the first time Musk’s company has been directly involved in the Hyperloop project, although several private firms are pursuing research.
Robert Jablon, Associated Press
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