Hyperloop Transportation Technologies, the company developing a futuristic, high-speed train dreamed up by Tesla billionaire Elon Musk, has filed permits to build a five-mile track in Quay Valley, California. The company is based out of a warehouse space in Downton L.A.’s Arts District.
“We are announcing the filing of the first building permit to Kings County to the building of the first full-scale hyperloop, not a test track,” Bibop Gresta, the COO of Hyperloop, said during an interview at Davos last week, Business Insider reported.
Hyperloop plans to have its first passenger using the full-scale Hyperloop, effectively a low-pressure vacuum tube through which a train is fired at up to 740 miles per hour, within 36 months, he said. If the prototype is successful, it could lead to larger versions around the world. [Business Insider]