This article first appeared on Floating Path.

Tesla motors Elon musk hyperloop

We all know how busy Elon Musk is changing the world with algorithm-controlled rockets and those ridiculously safe electric cars, so it should come as good news that some other folks are now involved in Hyperloop and it has begun financing and taking shape as a formidable endeavor.

Yesterday the creation of Hyperloop Transportation Technologies Inc. was announced and it is being led on the technical side by former head of Space-X mission control Dr. Marco Villa and former President of the American Society of Civil Engineers Dr. Patricia Galloway. Founder and CEO of JumpStartFund, Dirk Ahlborn, was named as interim CEO of the newly created company. Ahlborn made it a point to mention that Villa and Galloway are both working for free, which plays to the feasibility of the project.

Also, partnerships were announced with engineering consultants ANSYS as well as supply chain manufacturer GloCal and UCLA’s architecture program SuprStudio.

While initially considered a pipe-dream and scoffed at by many, Hyperloop is moving beyond just an idea and is now looking more like an actual company. In addition to the partnerships, the new executives also rolled out a timeline for future milestones.

hyperloop takes shape 600x910 Elon Musks Hyperloop Project Takes A Step Forward