In years not decades: Hyperloop signs new deal amid competition with Virgin

Hyperloop Transportation Technologies Inc. said by the end of this decade it could be rolling out a commercial version of the high-speed transport concept envisioned by Elon Musk as the Los Angeles-based startup goes up against billionaire Richard Branson’s rival project.

“It’s coming in years, not decades,” Hyperloop TT Chief Executive Officer Andres de Leon told journalists. The technology for capsules moving through magnetic tubes at almost 750 miles per hour “is ready,” he said.

Hyperloop TT on Tuesday unveiled a deal to integrate signaling gear from its new shareholder Hitachi Rail. The agreement follows another reached last week with Altran Technologies