digg.com reports: [edited]
The Hyperloop — a magnetic levitation transportation system promises to make it possible for people or cargo to travel at 750 miles an hour in comfortable pods between San Francisco and Los Angeles in as little as 30 minutes.
Hyperloop One, has announced an $80 million round of financing, as well as a series of partnerships with global leaders in industries like transportation, engineering, architecture, passenger/freight economics and tunnelling.
On Wednesday, the company held the first live test of its version of the ultra-fast transportation system at a site in Nevada. It worked, although it didn't go very far.