SpaceX Announces Design Competition For Hyperloop
SpaceX, billionaire Elon Musk’s rocket-building company, has recently announced that it has planned to build a 1-mile test track next to its headquarters in the Los Angeles suburb of Hawthorne as well as organize a competition to test designs for passenger-carrying Hyperloop pods.
Even though numerous private firms are pursuing research, it’s for the first time that Musk’s company is directly involved in the Hyperloop project.
The idea, suggested by Musk two years back, comprises of zooming passenger capsules through tubes between Los Angeles and San Francisco with speeds of up to 750 mph.
The competition, which is expected to be held next June, aims to cater to independent and university engineering teams capable of designing and testing half-scale models of these pods.
A statement on the company’s website reads, “while we are not developing a commercial Hyperloop ourselves, we are interested in helping to accelerate development of a functional Hyperloop prototype.”
Musk claims that building an actual Hyperloop system would cost $6 billion, although others suggest the figure will be much higher.
As suggested by Musk, the total cost of building an actual Hyperloop system could be up to $6 billion.