In episode 629 of This Week in Startups, Jason is joined on the LAUNCH Festival stage by Hyperloop Technologies co-founders Shervin Pishevar and Brogan BamBrogan. They talk about the basics of Hyperloop – how it works, how much it will cost, where it will be – as well as several higher level issues affecting the development of the Hyperloop: government support, infrastructure and ‘new cities,’ and the real innovation taking place. Shervin even gives his expert opinion on how the presidential race could impact Hyperloop in the U.S. Here are a handful of the insights Shervin and Brogan give on how Hyperloop is a ‘moon shot’ opportunity.
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Hyperloop Will Levitate
Brogan gives a great explanation of the technology behind Hyperloop; if you’re not familiar with it, it will in fact be a levitating pod inside a tube, powered by electromagnets and taking advantage of reduced air resistance to travel at extremely fast speeds. It’s not magic, but it’s probably going to look like it.
Hyperloop Aims to be Cost Effective
Several times, both Brogan and Shervin underscore the fact that the technology to build Hyperloop currently exists – the goal at Hyperloop Technologies as a company is to make the Hyperloop cost effective. They assert that if the Hyperloop isn’t cost effective, it won’t be as revolutionary as they know it can be.
The First Hyperloop Test is Happening This Year
You might be surprised to learn that Hyperloop Technologies will run their first tests by the end of 2016. The team has been hard at work since signing a lease for their Nevada test site in December, and will have over three miles of tube and rails on which to run Hyperloop pods.
Hyperloop is a Capital Intensive Project
Jason asks Shervin about the cost of bring Hyperloop from idea to reality, and he gives some insight: their first round of funding was for $11 million, and their next round target is $70 million to fund the test runs in Nevada. Brogan also estimates that a San Francisco to Los Angeles rout will cost between $15 and $20 billion. At the same time, these estimates are taking advantage of cost effective innovations.
Hyperloop May Be Abroad Before it is in the U.S.
Shervin and Brogan give insights into how there are countries all over the world are interested in adding Hyperloop technology, and many of them will create regulatory opportunities faster than the U.S. Shervin also ends the conversation discussing how the winner of this presidential race will affect how quickly the U.S. will adopt Hyperloop transport.
Hyperloop Will Disrupt the Aviation Industry in Specific Ways
Jason asks Shervin about how Hyperloop will disrupt the aviation industry, and he gives a measured answer: short-term transport will definitely be affected, but initially long-term air travel will not be impacted. You’ll still be able to fly cross-country, if you love those tiny airplane seats.
Someday, You Will Take the Hyperloop Beneath the Oceans
While Brogan points out that the technology currently exists to build a Hyperloop route from Long Beach to Shenzhen or Shanghai. The big hurdle that Hyperloop Technologies is trying to overcome is in creating the most cost effective way to create that route. By the end of our lifetimes though, it will be a real possibility.
Elon Musk Came Up with the Idea, But Isn’t Affiliated with Hyperloop Technologies
While SpaceX hosed the Pod design and build competition in 2015, this was just one part of what Shervin calls the Hyperloop “movement.” He talk about how much the support the idea has, and how Hyperloop Technologies is just one company helping support and make the technology a reality.
Want to hear the whole conversation? The full episode with Shervin Pishevar and Brogan BamBrogan, as well as past episodes are all available on This Week in Startups.
0:54 – 4:31: Jason introduces Shervin & Brogan from Hyperloop, and asks Brogan about the origins of Elon and his Hyperloop idea. Shervin gives additional insights.
4:31 – 7:03: Jason asks Brogan about the technology of how Hyperloop works.
9:30 – 11:24: Brogan continues to explain about the technology of how Hyperloop works.
11:24 – 13:11: Shervin and Brogan talk about the level of innovation at Hyperloop, and the costs of production and use.
13:11 – 15:05: Jason, Shervin, and Brogan discuss the test track set to go into operations later in 2016, and the Pod Competition in 2015.
15:05 – 16:18: Jason asks Shervin about the first estimated dates for cargo and passengers transit.
16:18 – 19:33: Shervin gives insight into the capital intensiveness of the Hyperloop project.
21:15 – 23:58: Jason inquires about the government response to Hyperloop – both domestically, and internationally.
23:58 – 25:51: Brogan and Shervin talk about the technology of putting the Hyperloop through mountains and underwater.
25:51 – 27:10: Jason follows up asking about long-distance underwater Hyperloop capabilities.
27:10 – 30:07: Brogan and Shervin discuss the cost, time, and feasibility of the SF/LA Hyperloop idea. They also talk with Jason about building Hyperloop to ‘new cities.’
30:11 – 31:34: Jason asks about what impact Hyperloop will have on the aviation industry
31:24 – 32:34: Brogan gives insights into where Hyperloop will be in terms of ‘right of ways’.
32:34 – 34:13: Shervin talks about the hurdles to getting Hyperloop established in the U.S. first.
34:13 – 36:25: Jason asks about the likely first routes for passenger and cargo Hyperloop transport in the U.S.
36:36 – 37:34: Jason asks Shervin about what he predicts Obama will do after ending his presidency.
37:34 – 40:27: Shervin gives his insight and expert opinion on the presidential race, why he’s supporting Hillary Clinton, and why we should fear Donald Trump becoming president.
— Valerie Stimac, TWiST archivist
Valerie Stimac is a Seattle-based marketer and writer with a background in the tech startup scene.