Hyperloop Transportation Technologies commercial rides to open by 2022

“We were planning in the Emirates, we still have a target date of 2020 for the first parts,” he said. “But again, that’s the first commercial line … if you signed a waiver we could probably ride a little bit earlier.”

Hyperloop transport networks use magnets to levitate and propel pods through large tubes at speeds comparable to that of an airline.

HTT is one company in the space that has gained considerable traction, signing deals with multiple countries to test its technology. Rivals include Musk’s Boring Co., Virgin Hyperloop One and Canadian firm TransPod.

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