Hyperloop Transportation Technologies signs a deal with the developers of Quay Valley in central California to construct a five mile Hyperloop line in an area along Interstate 5 at a cost of over $100 million. Dirk Ahlborn, CEO of the JumpStartFund, which created Hyperloop Transportation Technologies:
This is big step. It’s time to take the Hyperloop from concept and design and build the first one. This is a phased process. We’ve done feasibility studies and now we will be able test all aspects of the Hyperloop.