Rob Lloyd is working towards a "Kitty Hawk" moment.

That's what the CEO of the startup company Hyperloop Tech revealed during a presentation at Web Summit in Dublin last week, referring to the time and place (December 17, 1903, in Kitty Hawk, North Carolina) when the Wright brothers achieved manned flight for a few seconds, forever chaging transportation as we know it.

Now Lloyd and others like him in the tech innovation space are also seeking forever change transportation using the Hyperloop— high speed pods that levitate off tracks, offering an "on-demand" method of transportation. The goal: a system that could send people from Los Angeles to San Francisco in just 30 minutes.

In 2013, Elon Musk, chief executive of Tesla Motors and SpaceX, posed the idea of the Hyperloop. Back then, it sounded like something out of "The Jetsons." But today, just two years later, transportation innovation companies are racing to make that dream a reality. And Hyperloop Tech is leading the way.