But hyperloops are no longer quite so hypothetical. A handful of firms are now competing to develop the necessary technology. And in addition to designing the magnetically levitated pods and testing them on small-scale tracks, the firms are taking preliminary steps to set up hyperloop routes in the U.S. and abroad.
“It’s happening far faster than I would have ever expected, and it’s happening all over the world,” said Dr. David Goldsmith, a transportation researcher at Virginia Tech.
One of the biggest players is Musk himself. His whimsically named Boring Company is planning to dig a hyperloop tunnel that would make it possible to travel from Washington, D.C. to New York City in half an hour (the fastest Amtrak trains make the trip in just under three hours). Meanwhile, a pair of California-based startups, Virgin Hyperloop One and Hyperloop Transportation Technologies, are developing routes in North America, Asia, and Europe.