Instead, the new corporation is the logical progression of JumpStartFund, the crowdsourcing group announced last month by ex-SpaceX director Marco Villa and past ASCA president Patricia Galloway.

Since its inception, the crowdsourcing endeavor has been wrangling an impressive list of partners, all of whom are hell-bent on seeing the Hyperloop come into being. One such partner, computer modeling and simulation firm Ansys, has already begun Hyperloop feasibility studies. It is their belief that, thanks to the unique nature of crowdsourcing, we could see a working scale model of the Hyperloop by the beginning of 2015.