Quay Valley, California
In March 2015, Dirk Ahlborn, the CEO of Hyperloop Transportation Technologies (HTT) in El Segundo, California announced a plan to build a hyperloop test system at the Quay Valley site. Ahlborn indicated that construction could begin in 2016 to be completed in 2017 with the first rides to begin in 2018 if his company can raise $100 million in funding. The company has said that this track will be a fully working and operational creation of the hyperloop, but that running speed will be reduced on the shortened track from Hyperloop's full potential. It is not decided whether a 5-mile loop or straight section will be constructed, and it may cross the Interstate bisecting the site. Ahlborn said that speeds up to may be possible. Quay Hays expects to break ground on the new community in 2016, including a working version of the Hyperloop, estimated to cost $100–150 million.
Hyperloop Transportation Technologies
The company was founded by JumpStarter, Inc., utilizing the company's crowdfunding and collaboration platform JumpStartFund. The company has assembled a team of community members, attracting high level engineers and contributing corporations including Ansys for computer simulation resources and GloCal Network Corporation and UCLA Architecture & Urban Design for developing the social interface for the Hyperloop project. A December 2014 article in "Wired" revealed that the initial development work was done by approximately 100 engineers located mostly in the United States. The contributors were working in exchange for stock options, and were selected from a group of about 200 who initially applied. In 2013, HTT partnered with the engineering software developer Ansys, which ran simulation models for the fluid dynamics of the Hyperloop.