Virgin Hyperloop One Announces Construction Will Begin in 2019

The company has set a date, but the location is still up in the air.

11. 1. 17 by Brad Jones
Hyperloop One
Image by Hyperloop One

Arriving Soon

The chief executive of Virgin Hyperloop One, Rob Lloyd, has confirmed that the company expects to start building before 2020. “Somewhere in the world we are very confident that we would begin construction in 2019 with initial testing at production level in 2021,” said Lloyd, speaking to The National.

However, there are still questions about where this project will commence. There is considerable interest from transport authorities in the US, with Colorado emerging as a prominent option, but it’s just as likely that a location elsewhere in the world might get the nod.

One proposal outlined a route that would link Mexico City with Guadalajara, but there’s also interest in a Hyperloop connecting northern Europe, as well as the possibility of a track in the United Arab Emirates.

Tickets, Please

Lloyd also addressed how expensive Hyperloop travel might be. Detractors of the system have theorized that the cost of implementing a network might make this form of transport accessible only to very wealthy people.

Advertisement

However, Lloyd argued that Hyperloop will be “inclusive” and that people won’t be priced out. He stated that costs would only be two-thirds as high as high-speed rail, and he projected that a trip between two cities 50-60 kilometers apart could cost as little as $5.

Money will be a major factor in any Hyperloop project, but the company’s financial backing seems fairly robust. It has already raised $245 million to fund its efforts, a figure bolstered by a major investment from Richard Branson earlier this month that saw the startup rechristened as Virgin Hyperloop One.


As a Futurism reader, we invite you join the Singularity Global Community, our parent company’s forum to discuss futuristic science & technology with like-minded people from all over the world. It’s free to join, sign up now!

Share This Article

Keep up.
Subscribe to our daily newsletter to keep in touch with the subjects shaping our future.
I understand and agree that registration on or use of this site constitutes agreement to its User Agreement and Privacy Policy

Advertisement

Copyright ©, Singularity Education Group All Rights Reserved. See our User Agreement, Privacy Policy and Cookie Statement. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Futurism. Fonts by Typekit and Monotype.