Musk’s hyperloop, which he envisions revolutionizing travel, is a theoretical mode of high-speed transportation that would serve as an alternative to boats, aircraft, automobiles, and trains. The hyperloop would be an elevated, reduced-pressure tube that contains pressurized capsules driven within the tube by a number of linear electric motors.
The original design was released on August 12th. The hyperloop would extend from the Los Angeles area to the San Francisco Bay Area and would travel between the two cities in just 35 minutes, meaning the 354-mile journey between the two cities would be undertaken at an average speed just under 598 mph.
Just before he unveiled the design, Musk said he didn’t have time to pursue it himself at present and will allow others to adopt, improve, and possibly try to implement it…. assuming the money can be raised.
Former director of mission operations for SpaceX, Marco Villa, is one of two fundraisers, along with Dr. Patricia Galloway, former president of the American Society of Civil Engineers and current president of Pegasus Global Holdings Inc. Together they are hoping to raise enough money for the $6 billion endeavor. Dr. Galloway and Villa are currently raising funds on JumpStartFund, a start-up that went into public Beta on August 22 and took on the Hyperloop as its flagship project.