Hyperloop One Accelerates Toward Future With High-Speed Test
NORTH LAS VEGAS, Nev.—Hyperloop technology this week is accelerating toward becoming a reality.
On Wednesday in the desert north of Las Vegas, Hyperloop One Inc. conducted the first test of the propulsion system that is essential to the high-speed transportation invention when a sled zipped down a track for about two seconds and crashed into a pile of sand, as intended.
On the eve of the test, the company announced it has formed ties with more traditional transportation companies and raised fresh capital.
All are milestones in the company’s plan to create a fully operational hyperloop system by 2020.
“The hyperloop is real. It’s happening now,” said Chief Executive Rob Lloyd, during an interview Tuesday in Las Vegas. The company on Tuesday changed its name from Hyperloop Technologies, to help distinguish it from its main rival.