— CNBC (@CNBC) June 22, 2015
SpaceX is announcing an open competition, geared towards university students and independent engineering teams, to design and build the best Hyperloop pod. To support this competition, SpaceX will construct a one-mile test track adjacent to our Hawthorne, California headquarters. Teams will be able to test their human-scale pods during a competition weekend at the track, currently targeted for June 2016. The knowledge gained here will continue to be open-sourced.