Hyperloop Set in Motion, Prototype Design Scheduled for June 2014

Oct. 31, 2013 — -- It has been two and a half months since Elon Musk released his design for Hyperloop -- the futuristic transit system intended to get you from Los Angeles to San Francisco in 30 minutes. But now those grand plans seem more than a pipe dream.

JumpStartFund, a crowdsourcing and crowdfunding website, today announced the birth of Hyperloop Transportation Technologies Inc.

JumpStartFund has been recruiting people to work on the Hyperloop project. Last month, two top engineers were named as the project's official leaders: Marco Villa, former director of mission operations for SpaceX, and Patricia Galloway, former president of the American Society of Civil Engineers. Now the two engineers are not just leading a project but a company.

"Marco and I are trying to determine who the best leads are for each of the various aspects of the Hyperloop," said Galloway. "How we're doing it is revolutionary for a megaproject like this." While Galloway and Villa are still on the search for the right people, Hyperloop Transportation Technologies already has partnerships in place to put the plan into action.