Hyperloop, the futuristic transportation system first envisioned by Elon Musk, is included in a landmark trillion-dollar infrastructure bill that passed through the US Senate on Tuesday.
The two companies are currently leading the development of a commercial Hyperloop system – Virgin Hyperloop and Hyperloop TT – both with hopes of revolutionizing the way people travel.
The original Hyperloop concept, first laid out by Tesla and SpaceX bosses in a 2012 whitepaper, involves shooting pods filled with people through vacuum tubes at speeds in excess of 1,000 kilometers per hour.
The promises made by this “fifth mode of transportation”, as Mr. Musk calls it, have so far failed to be realized in a commercial operation – a fact in a manifesto published last year by renowned Silicon Valley venture capitalist Marc Andreessen titled Was “It’s time to build”.
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