The Hyperloop is a futuristic train-like transportation system often called “the train of the future”. The Hyperloop runs by levitating on magnets like a maglev train and traveling through vacuum tubes to almost entirely eliminate air friction. The idea to actually build a Hyperloop was first proposed by famous entrepreneur Elon Musk in 2013. On January 18, 2017 the world got one step closer to seeing the Hyperloop become a reality. Hyperloop Transportation Technologies (HTT) has signed an exploratory agreement to examine the possibility of building a Hyperloop line between the Slovakian city of Bratislava and Brno, a city in the Czech Republic. The Hyperloop could be used to transport people or cargo at speeds up to 800 mph or 1,200 km/h (Galeon “Hyperloop Is Coming to Europe, Officially Picks City”). HTT has raised $108 million for the project they hope to build, $31 million of which was in cash. Slovakia was chosen in part due to the fact that it is one of Europe’s fastest growing economies and Bratislava could be within a ten minute or less ride from Vienna or Budapest if the Hyperloop is built. More than 800 engineers from NASA, Boeing, and SpaceX are all working for HTT on the Hyperloop project (Davies “Slovakia’s Hyperloop Moves a Step Closer to Not Being a Joke”). HTT has also partnered with other companies to design the Hyperloop including Oerlikon Leybold Vacuum, and global engineering design firm Aecom. The Hyperloop is expected to help boost the already quickly growing Slovakian economy as it will allow for much faster transfer of labor and capital between the Slovakia and the Czech Republic and other Middle European countries.
Davies, Alex. “Slovakia’s Hyperloop Moves a Step Closer to Not Being a Joke”. Wired, Conde Nast, 19 Jan. 2017, http://www.wired.com/2017/01/slovakias-hyperloop-moves-step-closer-not-joke/#slide-1.
Davies, Alex. “Slovakia Is a Natural First Stop for the Hyperloop-No Joke”. Wired, Conde Nast, 11 Mar. 2016, http://www.wired.com/2016/03/slovakia-great-first-stop-hyperloop-no-joke/.
Galeon, Dom. “Hyperloop Is Coming to Europe, Officially Picks City”. Edited by Sarah Marquart, Futurism, Futurism, LLC, 25 Jan. 2017, futurism.com/hyperloop-is-coming-to-europe-officially-picks-city/.