Tesla's Hyperloop is Taking Us to the Future at 800 Mph

(Photo : Hyperloop) It seems we are truly living in the future as technologies we only imagined are coming to fruition now.

It seems we are truly living in the future as technologies we only imagined are coming to fruition now.

Tesla Motors and SpaceX CEO Elon Musk has proposed the Hyperloop. Dubbed the "fifth mode of transport" in August 2013, the project is now in the works and more of a reality than an idea in need of pitching.

Some 100 of the world's finest engineers and designers have begun to work on Musk's futuristic Hyperloop project. There is even a time table for the transportation service with the first active Hyperloop predicted to appear in just a decade.

The pod will be able to transport passengers as fast as a bullet at 800 mph from cities like San Francisco to Los Angeles in just 30 minutes.

There is still much work to do, however. On Friday, the brains behind the Hyperloop released 68-page white paper outlining progress on the land travel system. The paper includes new renderings, pods with improved designs, and a front end created for better aerodynamics.

The service will be built for everyone, including the poor and rich, with freight, economy and business classes.

Originally, Hyperloop was designed for transport between Los Angeles and San Francisco. Now, Dirk Ahlborn (CEO of JumpStartFund, which oversees Hyperloop with Musk's endorsement) believes that route can be built for $7 billion to $16 billion, with expanding in the works. Travelers may be able to ride from New York to Salt Lake City, or Houston to Pheonix - faster than air travel.

"When I talk to people they look at me and say, 'Oh, you're building a spaceship,' " Ahlborn told Mashable. "The technical issues are not the problem. ... That is something we've already defined. We've found solutions to all of the problems. There are technologies out there."