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Reddit’s Hyperloop team is raising money to build its pod prototype for the SpaceX competition

Screen Shot 2016-01-29 at 1.40.10 PM

After SpaceX announced the Hyperloop Pod Competition last year, hundreds of teams submitted design packages, 124 teams passed the screening round and moved forward to the ‘Design Weekend’, where a panel of judges consisting of Tesla and SpaceX engineers selected 23 winners.

The winning teams shared ~$250,000 in cash to help them build their pod prototypes for the final phase of the competition which will take the form of a race on SpaceX’s upcoming test track, but most teams are also courting sponsors since the cost of a pod prototype is estimated to be well into the 5 figures.

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Elon Musk on the Hyperloop: “I’m starting to think this is really going to happen.” – MIT and Reddit won the SpaceX Hyperloop Pod Design Competition

rlopp award

SpaceX and Texas A&M University hosted the ‘Design Weekend’ phase of the ‘Hyperloop Pod Competition’ this weekend and a team from the Massachusetts Institute of Technology (MIT) came in first place for having the best design by a student team, while the rLoop team from Reddit won the best design by a non-student team.

The picture above is rLoop’s trophy and yes, it is signed by Elon Musk. 

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