Inside a Virgin Hyperloop pod during testing at their DevLoop test site in Las Vegas, Nevada, on November 08, 2020. (Photo: Reuters)
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Los Angeles-based Hyperloop envisions a future where floating pods packed with passengers and cargo hurtle through vacuum tubes at 600 miles an hour (966 kph) or faster.
In a hyperloop system, which uses magnetic levitation to allow near-silent travel, a trip between New York and Washington would take just 30 minutes.
That would be twice as fast as a commercial jet flight and four times faster than a high-speed train.
The company is working toward safety certification by 2025 and commercial operations by 2030.