hyperloop is a mode of transport designed to rapidly move people or things anywhere in the world. the system uses electric propulsion to accelerate a passenger or cargo vehicle through a tube in a low pressure environment. the autonomous vehicle levitates above the track and glides at faster-than-airline speeds over long distances. after coming up with the idea, elon musk open-sourced hyperloop technology, encouraging others to develop real-world solutions. consequently, several companies have been formed, each seeking to build a functioning system.