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The Hyperloop looks like it's going beyond hypothetical design and turning into something that could actually ferry passengers from San Francisco to Los Angeles in one hour. A new company, Hyperloop Transportation Technologies Inc., has been launched and is being co-led by former director of mission operations for SpaceX, Dr. Marco Villa, and Dr. Patricia Galloway, who has an impressive science and engineering background.

Tesla CEO Elon Musk stirred a lot excitement in August when he released his plans for Hyperloop transportation that could go from Los Angeles to San Francisco in 30 minutes. But he made clear at the time that he wants to stay out of actually building it. Stepping up to the place is a group led by Marco Villa, former director of mission operations for SpaceX, and Dr. Patricia Galloway, a former president of the American Society of Civil Engineers, who are now out looking for backers. They'll soon

Earlier today, Tesla Motors CEO Elon Musk Tweeted that he "Pulled all nighter working on Hyperloop (as did others). Hopefully not too many mistakes." We finally get a look at the first official details on this fantastical-sounding travel option, and it's a duesy.

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