Hyperloop is a new paradigm of high-speed transportation envisioned by Elon Musk in 2013.
Hyperloop pods will travel in low-pressure environment tubes, eliminating drag force of atmospheric air and enabling passenger and freight transportation at high speeds with low energy consumption.
SpaceX announced the Hyperloop Pod Competition in 2015. The competition’s goal is to support the development of functional prototypes and encourage innovation by challenging student teams to design and build the best high-speed Pod. The first three competitions were held in January 2017, August 2017, and July 2018, and were the first of their kind anywhere in the world.