Seven companies have teamed up to form The Hyperloop Association, the first global association within the hyperloop industry.
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'FluxJet' - a fully electric vehicle that is a hybrid between an aircraft and a train - capable of speeds over 1,000km/h, has been unveiled by TransPod.
European Rail Infrastructure Managers has signed an agreement with seven of the largest players in the hyperloop industry to support the integration of hyperloop and rail systems.
After surpassing the original target, Hyper Poland will now be able to further develop its European magnetic rail system solution.
The highest completed speed in Hyperloop tests is 240mph and Elon Musk is aiming to beat this by reaching 381mph in his next acceleration test.