Hyperloop technology is designed to transport passengers and cargo at record speeds of up to 700 miles per hour.

India is set to get its first hyperloop rail system, connecting Vadhavan Port and JNPT to solve logistics bottlenecks.

Elon Musk's literal (transportation) pipe dream, Hyperloop One, just hit another critical milestone: The first Hyperloop test track—or really, test tube—is finished. The 1,640-foot long tube ...

The test took place at Virgin Hyperloop’s DevLoop test site in Apex, where the company has previously run over 400 un-occupied tests, including one topping out at 245 mph.

A recovery vehicle and a test sled sit on rails after the first test of the propulsion system at the Hyperloop One Test and Safety site on May 11, 2016 in Las Vegas.

Earlier this year, Hyperloop One’s competitor HTT announced a plan to bring a hyperloop system to Slovakia, but the company still has yet to build a planned five-mile test track in Northern ...

But eventually, Hyperloop One hopes to build a system that will go as fast as 250 mph on the test track. Even then, the technology still has a ways to go before it can clock the 500 mph speeds ...

Hyperloop One conducted a much-publicized “first test” in May 2016, but it merely consisted of a sled being propelled down a short section of track, and only lasted a few second.

The Hyperloop One test vehicle propels down a set of tracks during the first public test at Apex on Wednesday, May 11, 2016. Jeff Scheid/Las Vegas Review-Journal Follow @jlscheid ...

Virgin Hyperloop One holds the current Hyperloop test speed record of 240 mph. The company has said it is working to have three Hyperloop systems running by 2021.

Currently, massive steel tubes for this future Hyperloop test track lie around on the site. Once complete, the sled will fly along at 400 miles per hour, said Hyperloop One cofounder and CTO ...

In December, another start-up called Hyperloop Technologies announced it too was building its first test track and would begin testing during the first quarter of 2016.