The idea for Hyperloop emerged from a conversation between Elon Musk and Iranian American Silicon Valley investor Shervin Pishevar when they were flying together to Cuba on a humanitarian mission in January 2012.
Pishevar asked Musk to elaborate on his Hyperloop idea, which the industrialist had been mulling over for some time.
Pishevar suggested using it for cargo, an idea Musk hadn't considered, but he did say he was considering open-sourcing the concept because he was too busy running SpaceX and Tesla.
Pishevar pushed Musk to publish his ideas about the Hyperloop, so that Pishevar could study them.

On August 12, 2013, Musk released the Hyperloop Alpha white paper, generating widespread attention and enthusiasm.
In the months that followed Pishevar incorporated Hyperloop Technologies, which would later be renamed Hyperloop One, and recruited the first board members, including David O. Sacks, Jim Messina and Joe Lonsdale.
Pishevar also recruited a cofounder, a former SpaceX engineer named Brogan Bambrogan.
Hyperloop Technologies set up shop in Bambrogan's garage in Los Angeles in November 2014.
By January 2015, Hyperloop Tech had raised $9 million in venture capital from Pishevar's Sherpa Capital and investors such as Formation 8 and Zhen Fund, and was able to move into its current campus in the Los Angeles Arts District.
Forbes magazine put Hyperloop Tech on its February 2015 cover, landing the startup lots of fresh recruits and new investor interest.
In June 2015, Pishevar recruited former Cisco president Rob Lloyd as an investor and, eventually, the company's CEO.

Between June 2015 and December 2015, the company continued to hire engineers and expand its downtown campus (now up to 75,000 square feet).
In December 2015, the renamed Hyperloop One announced it would hold an open-air propulsion test at a new Test and Safety Site in Nevada.
At the time, the company disclosed it had raised $37 million in financing to date and was completing a Series B round of $80m, which they closed on in May 2016.
In October 2016, Hyperloop One announced that it had raised another $50 million, led by an investment from DP World.

The propulsion open-air test or POAT, was successfully held in North Las Vegas on May 11, 2016.
The POAT sled accelerated to 134 mph (216 km/h) in 2.3 seconds, representing a crucial proof of concept.
At the time Hyperloop One announced it had secured partnerships with global engineering and design firms such as AECOM, SYSTRA, Arup, Deutsche Bahn, General Electric, and Bjarke Ingels.

On July 28, 2016, Hyperloop One opened a 100,000 sq ft (9,300 m²) tooling and machine shop called Metalworks in North Las Vegas, where it fabricates the parts for its nearby test track, called Devloop.

On November 10, 2016, Hyperloop One released its first system designs in collaboration with the Bjarke Ingels Group.

On May 12, 2017, Hyperloop One tested a full-scale Hyperloop.
The system-wide test integrated Hyperloop components including vacuum, propulsion, levitation, sled, control systems, tube, and structures.

On July 12, 2017, the company revealed images of its first generation pod prototype to be used at the DevLoop test site in Nevada to test aerodynamics.
On August 2, 2017, Hyperloop One successfully tested its XP-1 passenger pod, reaching speeds of up to 192 mph (309 km/h).
It traveled for just over 980 ft (300 m) before the brakes kicked in and it rolled to a stop.

On October 12, 2017, Hyperloop One and the Virgin Group announced that it developed a strategic investment partnership, resulting in Richard Branson joining the board of directors.
The global strategic partnership will focus on passenger and mixed-use cargo service in addition to the creation of a new passenger division.
Subsequently, Hyperloop One was renamed Virgin Hyperloop One, and Branson became the chairman of the board of directors.

In October 2019, Virgin Hyperloop One announced it will begin the construction of a facility in North Texas.

In June 2020, Virgin Hyperloop One rebranded to Virgin Hyperloop, changing their logo and launching a new website.
The idea for Hyperloop emerged from a conversation between Elon Musk and Iranian American Silicon Valley investor Shervin Pishevar when they were flying together to Cuba on a humanitarian mission in January 2012. Pishevar asked Musk to elaborate on his Hyperloop idea, which the industrialist had been mulling over for some time. Pishevar suggested using it for cargo, an idea Musk hadn't considered, but he did say he was considering open-sourcing the concept because he was too busy running SpaceX and Tesla. Pishevar pushed Musk to publish his ideas about the Hyperloop, so that Pishevar could study them.
On August 12, 2013, Musk released the Hyperloop Alpha white paper, generating widespread attention and enthusiasm. In the months that followed Pishevar incorporated Hyperloop Technologies, which would later be renamed Hyperloop One, and recruited the first board members, including David O. Sacks, Jim Messina and Joe Lonsdale. Pishevar also recruited a cofounder, a former SpaceX engineer named Brogan Bambrogan. Hyperloop Technologies set up shop in Bambrogan's garage in Los Angeles in November 2014. By January 2015, Hyperloop Tech had raised $9 million in venture capital from Pishevar's Sherpa Capital and investors such as Formation 8 and Zhen Fund, and was able to move into its current campus in the Los Angeles Arts District. Forbes magazine put Hyperloop Tech on its February 2015 cover, landing the startup lots of fresh recruits and new investor interest. In June 2015, Pishevar recruited former Cisco president Rob Lloyd as an investor and, eventually, the company's CEO.
Between June 2015 and December 2015, the company continued to hire engineers and expand its downtown campus (now up to 75,000 square feet). In December 2015, the renamed Hyperloop One announced it would hold an open-air propulsion test at a new Test and Safety Site in Nevada. At the time, the company disclosed it had raised $37 million in financing to date and was completing a Series B round of $80m, which they closed on in May 2016. In October 2016, Hyperloop One announced that it had raised another $50 million, led by an investment from DP World.
The propulsion open-air test or POAT, was successfully held in North Las Vegas on May 11, 2016. The POAT sled accelerated to 134 mph (216 km/h) in 2.3 seconds, representing a crucial proof of concept. At the time Hyperloop One announced it had secured partnerships with global engineering and design firms such as AECOM, SYSTRA, Arup, Deutsche Bahn, General Electric, and Bjarke Ingels.
On July 28, 2016, Hyperloop One opened a 100,000 sq ft (9,300 m²) tooling and machine shop called Metalworks in North Las Vegas, where it fabricates the parts for its nearby test track, called Devloop.
On November 10, 2016, Hyperloop One released its first system designs in collaboration with the Bjarke Ingels Group.
On May 12, 2017, Hyperloop One tested a full-scale Hyperloop. The system-wide test integrated Hyperloop components including vacuum, propulsion, levitation, sled, control systems, tube, and structures.
On July 12, 2017, the company revealed images of its first generation pod prototype to be used at the DevLoop test site in Nevada to test aerodynamics. On August 2, 2017, Hyperloop One successfully tested its XP-1 passenger pod, reaching speeds of up to 192 mph (309 km/h). It traveled for just over 980 ft (300 m) before the brakes kicked in and it rolled to a stop.
On October 12, 2017, Hyperloop One and the Virgin Group announced that it developed a strategic investment partnership, resulting in Richard Branson joining the board of directors. The global strategic partnership will focus on passenger and mixed-use cargo service in addition to the creation of a new passenger division. Subsequently, Hyperloop One was renamed Virgin Hyperloop One, and Branson became the chairman of the board of directors.
In October 2019, Virgin Hyperloop One announced it will begin the construction of a facility in North Texas.
In June 2020, Virgin Hyperloop One rebranded to Virgin Hyperloop, changing their logo and launching a new website.
Virgin Hyperloop One