Screenshot from SpaceX's Hyperloop Pod Competition video

SpaceX/YouTube

Neither Elon Musk or his company SpaceX are formally developing a Hyperloop, the futuristic travel tech that Musk unveiled two years ago after months of speculation. As you'll recall, the theoretical tube-based transportation system promises to speed people across the country, covering vast distances in a very short amount of time. But just because SpaceX isn't developing Musk's brainchild, that doesn't mean that it isn't helping the idea along.

Today, SpaceX announced that it will be hosting a Hyperloop Pod Competition, where teams of college students or engineers can try out their designs for the futuristic transportation system's human-carrying pods.