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