Engineering giant AECOM will lend its services to the realisation of Elon Musk’s dream of an immense “Hyperloop” network that could revolutionise long-distance high-speed transit on land, according to recent reports.
Hyperloop Transportation Technologies (HTT) has announced that it has entered an agreement with AECOM for the contribution of its engineering services to the project in exchange for stock options in the mass transit startup.
AECOM joins a team of august players in the tech industry that have already leapt on board Musk’s vision for high-speed tubular transportation, including Boeing, SpaceX, and Oerlikon Leybold Vacuum.
Elon Musk first unveiled his vision for the Hyperloop back in 2013, with a 57-page white paper outlining the creation of a vast network of low-pressure tubes through which transit capsules would hurtle at astonishing speeds.
The establishment of Hyperloop Transportation Technologies (HTT) as a vehicle for the realisation of this vision rapidly followed, abetted by the use of crowdfunding and crowdsourcing via the beta iteration of JumpStartFund.
HTT has ambitions to commence work on a full-scale prototype of the Hyperloop by as early as 2016, which will run for 5 miles through the Quay Valley planned community situated in between San Francisco and Los Angeles.
According to Dirk Ahlborn, CEO of HTT, the agreement with AECOM serves as key vindication of Musk’s bold and innovative vision for ultra-fast, long-distance land transportation.
“It’s a validation of the fact that our model works,” said Ahlborn to Wired. “It’s the next step.”
LA-headquartered AECOM has been ranked by Engineering News Record as the world’s leading engineering design firm, as well as listed by Fortune magazine as one of the world’s most admired companies.
In addition to enlisting the services of engineering and technology giants such as AECOM, Boeing, and SpaceX, HTT has also announced that it has recruited as many as 400 individual part-time “team members” to work on the project, many of whom are full-time employees of the aforementioned firms.
These team members will work on the Hyperloop in their spare time, receiving company stock options in exchange for their efforts.