The Dreamers Who Aim to Make Hyperloop Happen
When Elon Musk unveiled his idea for the Hyperloop in August of 2013, no one seemed sure what the next step would be. The Tesla Motors and SpaceX CEO dropped a 57-page alpha white paper on us, noting he didn’t really have the time to build a revolutionary transit system that would shoot pods full of people around the country in above-ground tubes at 800 mph.
Fortunately for futurists and people who enjoy picking apart complicated plans, an El Segundo, California-based startup has taken Musk up on his challenge to develop and build the Hyperloop. JumpStartFund combines elements of crowdfunding and crowd-sourcing—bringing money and ideas in from all over the place—to take ambitious ideas and move them toward reality.
When Musk proposed his idea, JumpStartFund was fresh off its beta launch, and taking on the Hyperloop seemed like the perfect way to test the company’s approach (and drum up headlines), says CEO Dirk Ahlborn. So they reached out to SpaceX, proposed the project on their online platform, and created a subsidiary company to get to work: Hyperloop Transportation Technologies, Inc.
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