SpaceX this week announced plans to construct a mile-long Hyperloop test track next to its headquarters in Hawthorne, California, scheduled for completion by June 2016. The company concurrently announced an open competition for university students and independent engineering teams to design and build the best Hyperloop pod. Entrants will be able to test their pods on the track. "These tests will provide proof points at a reasonable cost, and will help build support for the project," said Jim McGregor, principal analyst at Tirias Research.
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