Elon Musk's Hyperloop dream becomes one step closer to reality

A man looks over a mock-up of a test sled following a propulsion open-air test at Hyperloop One in North Las Vegas, Nevada, US, May 11, 2016.[Photo/Agencies]

At the end of last year, Hyperloop One acquired the land in the US state of Nevada to start building a complete prototype, which Lloyd estimates will be ready by the end of 2016. What Lloyd referred to as the startup's "Kitty Hawk moment," alluding to the Wright Brothers' famous first flight, will happen when the full-size Hyperloop prototype is ready.

CTO and CoFounder of Hyperloop One Brogan BamBrogan said to people in attendance: "Everything you see out here today has happened in 6 months." The company now reaches more than 150 employees split between its Los Angeles headquarters and the test facility in North Las Vegas.

Lloyd called his company "the one that can deliver Hyperloop first," which "will make it possible to be anywhere, move anything, and connect everyone."