The demonstration was held by Hyperloop One (formerly Hyperloop Technologies), largely considered the frontrunner in the hyperloop field. Hyperloop One executives called the event a "Kitty Hawk" moment, referring to the Wright brothers' first successful airplane flight.

The concept of the hyperloop was originally put forward by Elon Musk, CEO of both Tesla Motors and SpaceX. Musk envisioned the hyperloop as an insanely high-speed transit system that would be "a cross between a Concorde and a railgun and an air hockey table," tube-based and powered by propulsion

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