Article courtesy of Venture Beat, written by Dean Takahashi.
Tesla Motors and SpaceX creator Elon Musk has been talking for a while about a high-speed Hyperloop train that would theoretically move people through a narrow tube at a speed of 760 miles per hour, enough to get people from San Francisco to Los Angeles in 30 minutes.
And now this dream has taken another step toward reality, as Hyperloop Technologies announced today it has raised $80 million in funding. The company, which is changing its name to Hyperloop One, is currently building a test track for the technology outside of Las Vegas. It is conducting its first open-air test today as part of a plan to reinvent transportation.
Featured Image Credit: Hyperloop Technologies