If Musk truly is considering starting a new company to build a hyperloop, his track record with Tesla and SpaceX signals a major shake-up among the small group of start-ups that are getting closer to building these futuristic transportation platforms.
Brogan BamBrogan (x-Spacex engineer and former Hyperloop One CTO) recently started a competing Hyperloop company here called Arrivo.
All three main hyperloop companies — Hyperloop One, Hyperloop Transportation Technologies (HTT), and newly minted Arrivo are working to create the near mach speed (700 mph) Hyperloop transport system.
They believe that some Hyperloop system will be commercialized within 3-5 years.
Hyperloop One, a start-up that has raised some $150 million in funding, recently revealed that in May its engineers had succeeded in getting a prototype up to 70 mph in a 500-meter tube, and that 250 mph is the company's the next milestone.