Hyperloop

Hyperloop envisions a future where floating pods packed with passengers hurtle through vacuum tubes at 966 kph

After offering to sell about $120 million in equity

Musk's venture, "The Boring Company," has been pushing the underground system as a futuristic concept

It is one of several ventures to take Elon Musk's idea for a new type of transport system

Hyperloop One signed an agreement with Dubai in August 2017 to evaluate the building of the world’s first hyperloop

Hyperloop One had originally promised a full-scale demonstration by the end of 2016

New York and Washington are separated by some 330 kilometers

Elon Musk seeks to revolutionise transportation by sending passengers and cargo packed into pods

Hotel suites will include an office, a living room with a flatscreen TV, a bedroom and a bathroom

Musk has become one of the United States' best-known innovators

Hyperloop is a futuristic passenger and freight transportation system

Hyperloop One said that latest round brought to $160 million the amount of financing raised since it was founded

On its website, Hyperloop Transportation Technologies predicts its pods will travel at up to 1,220 kilometres per hour

Co-founder of the startup accusses former colleagues of nepotism, threats and mismanagement

Hyperloop will make it possible to travel 380 miles in 35 minutes

Brogan BamBrogan, a former SpaceX engineer who co-founded Hyperloop One, called the test a major milestone