Elon Musk's SpaceX is holding a competition to design Hyperloop Pods

Elon Musk's Hyperloop transportation concept seems like a bit of a pipe dream, but it could be inching closer to reality.

Musk's company SpaceX is holding a competition in June 2016 for university students and independent engineering teams to design Hyperloop Pods. SpaceX will construct a mile-long test track at its California facility and help the competitors with development of the pods, according to information obtained by Mashable.

See also: How to survive a job interview with Elon Musk

This competition marks the first official affiliation of Musk and one of his companies with Hyperloop. Read more...

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