Hyperloop Construction Might Soon be a Reality

Hyperloop may have sounded as a futuristic possibility only some years back, but now it's a near reality.

On Thursday, JumpStartFund's Hyperloop Transportation Technologies (HTT) announced it has filed the permit paperwork required for construction with Kings County, CA for the proposed Quay Valley Hyperloop corridor.

Building a hyperloop transportation system is not an easy process and requires the engineers to create a near-vacuum situation in tubes that run for miles. Furthermore, powerful magnets have to be deployed for suspending capsules on a slice of air and transport passengers at a very high speed.

No matter what the process takes, supporters of two companies who are keen on constructing the innovative transport system say that it is technically achievable.

However, questions still remain regarding its commercial viability. Would it be profitable for the companies or receive a fate like supersonic jet Concorde, which the airlines retreated from in 2003 due to its exorbitant costs.

The idea of a hyperloop was introduced in 2013by Elon Musk, the billionaire investor who is bubbling with innovative suggestions. He described the system as a low-pressure tube that will have capsules carrying passengers at a speed of almost 760 miles per hour. At that speed, a distance of four hundred miles could be cover in approximately thirty five minutes.