November 1, 2013
The Hyperloop Transportation Technologies Inc (HTT) was created with funding provided by JumpStartFund (JSF) to funnel monies into the construction of a new transit system that will allow the rider to travel from New York to Los Angeles in 30 minutes.
JSF was founded by members of Silicon Valleywith monies from private investors. Their mission is “to provide . . . [an] effective and efficient channel through which to connect them because of the regulations for controlling transactions related to securities.”
Elon Musk released his design for the Hyperloop; while JSF have gathered engineers from SpaceX and the American Society of Civil Engineers (ASCE).
HTT, with partnerships with private sector corporations, will be empowered to put a conceptual action plan into implementation.
Musk, founder of Tesla Motors and SpaceX, would like to be behind the development of faster and more efficient high-speed bullet trains that move Americans from San Francisco Bay to Los Angeles at speeds unheard of before.
The Hyperloop, as described by Musk, is the fifth mode of transportation. Beyond the four modes of current transportation (boats, planes, cars and trains), the Hyperloop would move 3 to 4 times faster than the bullet trains built across the globe; meaning it would travel at twice the speed of an average commercial airliner.
The concept is to move people at a faster rate, translating into a trip from Northern California to the Southern areas in less than 30 minutes.
Using solar panels, Musk believes that the Hyperloop would be self-generating power and cost less per ride than any other current mode of transportation.
Musk will take the ingenuity of a “Concorde, a rail gun and an air hockey table” to create the elevated tube system that uses magnetic levitation. The frictionless surface would mean passengers could travel in capsules without feeling the ride.
The Hyperloop would be designed to move people underwater from Alaska to Hawaii or Los Angeles to New York for an estimated $100 per trip.
A superhighway could be constructed to connect the US to Europe.
Musk hopes to improve on the Very High Speed Transit System (VHST) that was created by physicist R.M. Salter in 1972.
The VHST was touted as the train that could move Americans across the nation in less than an hour. With technical problems existing in the 1970s, Salter said: “The general principles are fairly straightforward: electromagnetically levitated and propelled cars in an evacuated tunnel.”