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Hyperloop One is planning to launch its first major test today in the Las Vegas desert.
The new test will have a 10-foot long sled travelling 116 mph down a track for about two seconds . The sled will crash into sand bags due to there not yet being a braking system. Hyperloop One wants a fully-functional hyperloop running by 2020.
The idea behind the hyperloop, a pod traversing a tube in a vacuum, was first envisioned by Tesla Motors Inc ( TSLA ) CEO Elon Musk. The idea has the pods travelling at 760 mph, but it's currently very expensive to make. The goal is to reduce costs below that of high-speed rail systems, reports The Wall Street Journal .
Another company, Hyperloop Transportation Techniques , is also working on its own transport using the system envisioned by Musk. It plans to have a five-mile test track ready for use in 2018 .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
