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Hyperloop company forms, plans to demo prototype in 2015

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JumpStartFund, a crowdfunding site that has taken it upon itself to make Elon Musk’s ultrafast hyperloop transit system a reality, has formed a now-operating company around the project called Hyperloop Transportation Technologies Inc. JumpStartFund released a timeline of planned milestones the company has set, including demoing hyperloop technology in early 2015. JumpStartFund announced last month that former SpaceX director of operations Marco Villa and former American Society of Civil Engineers president Patricia Galloway would lead the company.