Elon Musk's SpaceX is holding a competition to design Hyperloop Pods

Elon Musk's Hyperloop transportation concept seems like a bit of a pipe dream, but it could be inching closer to reality.

Musk's company SpaceX is holding a competition in June 2016 for university students and independent engineering teams to design Hyperloop Pods. SpaceX will construct a mile-long test track at its California facility and help the competitors with development of the pods, according to information obtained by Mashable.

This competition marks the first official affiliation of Musk and one of his companies with Hyperloop. Read more...