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SpaceX announces design competition for Hyperloop

June 15, 2015 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Billionaire Elon Musk wants to jump-start his Hyperloop high-speed transit system.

Musk’s rocket-building company, SpaceX, announced Monday that it plans to build a 1-mile test track next to its headquarters in the Los Angeles suburb of Hawthorne and will hold a competition there next year to test designs for passenger-carrying Hyperloop pods.

It’s the first time Musk’s company has been directly involved in the Hyperloop project, although several private firms are pursuing research.

Robert Jablon, Associated Press

Full Story: http://www.sfgate.com/business/technology/article/SpaceX-announces-design-competition-for-Hyperloop-6327885.php

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