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
By February 2015, the company had grown to nearly 200 people, and had announced that it would hold an initial public offering that year to raise . HTT also entered a formal agreement with GROW Holdings, the developer of Quay Valley, California, to construct a demonstration track beginning in 2016. By November, HTT had grown to just under 500 people. In August 2015, engineering design and construction firm AECOM began providing engineering services to HTT for the design of the full-scale Quay Valley prototype track. Also in August 2015, HTT announced partnerships with international engineering giant Aecom and Oerlikon, the world's oldest vacuum technology ."