The wording of this article is interesting. I personally know the people behind this project. This is from a PR firm, and kickstarter knockoff who 'lost' a lot of my friends startups money
This company (Hyperloop Transportation Technologies) got no funding, Hyperloop Technologies did ($8.5m).(which is in reality a PR firm called jumpstarter pr in El Segundo)
They are hoping to raise the funding at IPO
"Now, the company Hyperloop Transportation Technologies Inc. (which is not affiliated with Musk or Tesla) has inked a deal with landowners in central California to build the world's first Hyperloop test track"
"The 5-mile test track is estimated to cost about $100 million, which Hyperloop Transportation Technologies hopes to pay for with its initial public offering (IPO) later this year, according to Navigant's blog."
Musk is building his own
Separately, Musk has said he plans to build his own 5-mile test track, likely in Texas, for companies and students to test out potential Hyperloop designs.
This company (Hyperloop Transportation Technologies) got no funding, Hyperloop Technologies did ($8.5m).(which is in reality a PR firm called jumpstarter pr in El Segundo)
They are hoping to raise the funding at IPO
"Now, the company Hyperloop Transportation Technologies Inc. (which is not affiliated with Musk or Tesla) has inked a deal with landowners in central California to build the world's first Hyperloop test track"
"The 5-mile test track is estimated to cost about $100 million, which Hyperloop Transportation Technologies hopes to pay for with its initial public offering (IPO) later this year, according to Navigant's blog."
Musk is building his own Separately, Musk has said he plans to build his own 5-mile test track, likely in Texas, for companies and students to test out potential Hyperloop designs.