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
From late 2012 until August 2013, a group of engineers from both Tesla and SpaceX worked on the conceptual modeling of Hyperloop. An early system design was published in the Tesla and SpaceX blogs which describes one potential design, function, pathway, and cost of a hyperloop system. According to the alpha design, pods would accelerate to cruising speed gradually using a linear electric motor and glide above their track on air bearings through tubes above ground on columns or below ground in tunnels to avoid the dangers of grade crossings. An ideal hyperloop system will be more energy-efficient, quiet, and autonomous than existing modes of mass transit. Musk has also invited feedback to "see if the people can find ways to improve it". The Hyperloop Alpha was released as an open source design. The word mark ""HYPERLOOP"", applicable to "high-speed transportation of goods in tubes" was issued to SpaceX on April 4, 2017.