> But we are getting closer to hopping aboard, according to Pishevar. The company recently broke ground in Nevada for a new manufacturing plant and conducted testing of its propulsion technology earlier this spring, yielding a pace of 110 mph in 1.7 seconds — a fraction of the proposed 700 mph speeds.
> The company is busy gearing up for its “Kitty Hawk moment” next year when it begins testing on its passive levitation system.
From: https://techcrunch.com/2016/09/14/shervin-pishevar-the-first...
Note: There are multiple companies working on the hyperloop concept. The two main ones that I know of are Hyperloop One (the subject of the above comments), as well as Hyperloop Transportation (http://hyperlooptransp.com/).
http://m.indiatimes.com/lifestyle/technology/indian-team-mak...