

News
SpaceX’s returning Hyperloop champion prepares to hit 372 mph on July 21 competition
For the fourth year in a row, SpaceX will be holding its Hyperloop Pod Competition. The event, which features teams of students from universities across the globe, is expected to raise the game this year, with returning champion TUM Hyperloop (formerly WARR Hyperloop) from the Technical University of Munich looking to hit half the speed of sound with its upgraded pod.
TUM has been competing in SpaceX’s Hyperloop Pod Competitions since the first tournament was held in 2015. The team has created a reputation for creating incredibly quick pods over the years, even beating the 240 mph record set by Virgin Hyperloop in 2018 with an impressive 290 mph run. Even more notable was that TUM was able to accomplish this feat at SpaceX’s Hyperloop test track, which is only 0.8 miles long.
Inasmuch as this was impressive, the student team from Munich is not resting on their laurels this year. SpaceX requires returning participants to the Hyperloop Pod Competition to introduce upgrades and revisions to their past pod designs, and that is exactly what TUM did. The new pod, christened simply as Pod IV, is almost 1.70 meters (5.57 feet) long, 50 cm (19.6 inches) wide and weighs approximately 70 kg (154 lbs), almost 8 kg (17.6 lbs) lighter than 2018’s Pod III, which hit a record-setting speed of 290 mph the previous year.
In a press release, TUM Hyperloop Team Manager Toni Jukic stated that the team is looking to hit a highly ambitious goal this year. “This year we plan to reach at least half the speed of sound, over 600 kilometers per hour (372 mph),” he said. Putting that figure into perspective, Pod IV would have to go 40% faster than its pod last year, hitting 372 mph and decelerating to zero in 0.8 miles.
Ambitious goal aside, this year will likely not be easy for TUM Hyperloop, especially considering that among its competitors is the UNSW Hyperloop team from Australia, which has a pretty unique experience in terms of rapid sustainable transportation. The UNSW has seen success in other innovative transport solutions, with students from the university’s Sunswift team setting a new efficiency record at the World Solar Challenge using a solar racing car that completed a 4,100 km (2,500 mile) journey across Australia in just six days.
In a statement to The Driven, UNSW Hyperloop team manager Harry Zhang noted that the team had to work really hard to make it to SpaceX’s competition. “It was quite grueling because we had to apply to compete, then do several design packages over the summer and then finally get accepted in February to be invited to go to SpaceX’s headquarters in Hawthorne, California. The people who do compete and make it through the multiple rounds of elimination are quite revered in engineering around the world,” he said.
Another team that TUM Hyperloop would likely need to watch out for is Team Delft from the Netherlands. Delft won the coveted overall best pod award in SpaceX’s first Hyperloop Competition, and it was able to reach the finals last year together with TUM (then called Team WARR) and Team EPFLoop from Switzerland. Unfortunately, Delft experienced major issues in the finals, resulting in the team’s pod reaching speeds of only 88 mph before stalling. With a chance at redemption this year with a new, improved pod, Delft Hyperloop could be returning to the SpaceX Hyperloop Competition with a purpose.
The SpaceX Hyperloop Pod Competition is scheduled to be held on July 21, 2019 at the SpaceX headquarters in Hawthorne, CA. Similar to last year’s competition, participants for this year’s tournament will be judged on one key metric: top speed.
Investor's Corner
xAI targets $5 billion debt offering to fuel company goals
Elon Musk’s xAI is targeting a $5B debt raise, led by Morgan Stanley, to scale its artificial intelligence efforts.

xAI’s $5 billion debt offering, marketed by Morgan Stanley, underscores Elon Musk’s ambitious plans to expand the artificial intelligence venture. The xAI package comprises bonds and two loans, highlighting the company’s strategic push to fuel its artificial intelligence development.
Last week, Morgan Stanley began pitching a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points over the SOFR benchmark, one source said. A second option offers a fixed-rate loan and bonds at 12%, with terms contingent on investor appetite. This “best efforts” transaction, where the debt size hinges on demand, reflects cautious lending in an uncertain economic climate.
According to Reuters sources, Morgan Stanley will not guarantee the issue volume or commit its own capital in the xAI deal, marking a shift from past commitments. The change in approach stems from lessons learned during Musk’s 2022 X acquisition when Morgan Stanley and six other banks held $13 billion in debt for over two years.
Morgan Stanley and the six other banks backing Musk’s X acquisition could only dispose of that debt earlier this year. They capitalized on X’s improved operating performance over the previous two quarters as traffic on the platform increased engagement around the U.S. presidential elections. This time, Morgan Stanley’s prudent strategy mitigates similar risks.
Beyond debt, xAI is in talks to raise $20 billion in equity, potentially valuing the company between $120 billion and $200 billion, sources said. In April, Musk hinted at a significant valuation adjustment for xAI, stating he was looking to put a “proper value” on xAI during an investor call.
As xAI pursues this $5 billion debt offering, its financial strategy positions it to lead the AI revolution, blending innovation with market opportunity.
News
SpaceX to debut new Dragon capsule in Axiom Space launch
Ax-4’s launch marks the debut of SpaceX’s latest Crew Dragon and pushes Axiom closer to building its own space station.

Axiom Space’s Ax-4 mission targets the International Space Station (ISS) with a new SpaceX Crew Dragon capsule.
The Axiom team will launch a new SpaceX Dragon capsule atop a Falcon 9 rocket from NASA’s Kennedy Space Center in Florida on Wednesday at 8:00 a.m. EDT (1200 GMT). The Ax-4 mission launch was initially set for Tuesday, June 10, but was delayed by one day due to expected high winds.
As Axiom Space’s fourth crewed mission to the ISS, Ax-4 marks the debut of an updated SpaceX Crew Dragon capsule. “This is the first flight for this Dragon capsule, and it’s carrying an international crew—a perfect debut. We’ve upgraded storage, propulsion components, and the seat lash design for improved reliability and reuse,” said William Gerstenmaier, SpaceX’s vice president of build and flight reliability.
Axiom Space is a Houston-based private space infrastructure company. It has been launching private astronauts to the ISS for research and training since 2022, building expertise for its future station. With NASA planning to decommission the ISS by 2030, Axiom has laid the groundwork for the Axiom Station, the world’s first commercial space station. The company has already begun construction on its ISS replacement.
The Ax-4 mission’s research, spanning biological, life, and material sciences and Earth observation, will support this ambitious goal. Contributions from 31 countries underscore the mission’s global scope. The four-person crew will launch from Launch Complex 39A, embarking on a 14-day mission to conduct approximately 60 scientific studies.
“The AX-4 crew represents the very best of international collaboration, dedication, and human potential. Over the past 10 months, these astronauts have trained with focus and determination, each of them exceeding the required thresholds to ensure mission safety, scientific rigor, and operational excellence,” said Allen Flynt, Axiom Space’s chief of mission services.
The Ax-4 mission highlights Axiom’s commitment to advancing commercial space exploration. By leveraging SpaceX’s Dragon capsule and conducting diverse scientific experiments, Axiom is paving the way for its Axiom Station. This mission not only strengthens international collaborations but also positions Axiom as a leader in the evolving landscape of private space infrastructure.
News
Tesla named official AV operator in Austin ahead of robotaxi launch
Tesla robotaxis could begin operating around Austin any day now, as echoed by an update to the city’s website.

Just as Tesla prepares to launch its own commercial robotaxi services in Austin, Texas this month, the company has now appeared on the state’s website as an official operator of autonomous vehicles (AVs).
As of Monday, Tesla has been listed as an AV operator on Austin’s official Department of Motor Vehicles (DMV) site, ahead of the company’s expected launch of the long-awaited service sometime this month. The news, which X user Tesla Yoda first spotted, precedes some reports suggesting the robotaxi service could launch in the coming days, and it comes as the city becomes an increasingly competitive stomping ground for the emerging technology.
Although Tesla has been included on the list, the website says that Tesla is still in the testing phase, alongside most of the other AV operators in the city. At this time, Alphabet-owned robotaxi company Waymo is the only operator listed as being in the deployment phase, while Hyundai-owned company Motional is listed as being in the mapping phase.
Tesla is set to initially deploy the service as a limited pilot program using the company’s existing Model Y vehicles, and it will start by testing them in the safest areas of the city within geo-mapped boundaries as extra safety precautions upon launch.
🚨 Elon says by end of June, the public should be ready to take a Robotaxi in Austin without an invitation
Initial launch will be small and riders will be picked by Tesla https://t.co/zEQOkXnE6s
— TESLARATI (@Teslarati) May 29, 2025
Below you can see the full list of AV operators on the Austin DMV website at the time of writing, including both the Alphabet-owned Waymo and the Amazon-run Zoox.
Current list of AV operators in Austin
- ADMT
- Phase: testing
- Parent company: VW
- AVRide
- Phase: testing
- Parent company: AVRide Inc
- Motional
- Phase: mapping
- Parent company: Hyundai
- Waymo
- Phase: deployment
- Parent company: Alphabet (Google)
- Tesla
- Phase: testing
- Parent company: Tesla
- Zoox
- Phase: testing
- Parent company: Amazon
READ MORE ON AUTONOMOUS VEHICLES: Elon Musk just revealed more about Tesla’s June Robotaxi launch
Tesla’s Austin robotaxi launch, Full Self-Driving, and other AV companies
The news follows a report from Bloomberg a few weeks ago saying that Tesla was considering a launch date of June 12 for the service, though the validity of that report is still unclear. Additionally, Tesla could still change its plans on a launch date, though the company’s inclusion on the Austin DMV AV operators list appears to be a good sign either way.
The company has also been running internal pilot programs for the robotaxi service in Austin and around the Bay Area, California, with around 300 test operators operating the vehicles in the Texas city since at least April. Last fall, CEO Elon Musk also said that employees had already been piloting a ride-hailing program around the Bay.
Tesla has long touted its Full Self-Driving (FSD) program as the solution to autonomy, with the system utilizing cameras and real-time driver footage to train its AI neural network on how to drive. By comparison, most other companies utilize cameras and radar systems together, while relying on geo-mapped systems to determine where the robotaxi can operate.
Waymo launched driverless ride-hailing services in Austin through a partnership with Uber, though the company has also been running paid robotaxi rides in various parts of California since last year through its Waymo One app. Other companies such as the Amazon-owned firm Zoox and the Hyundai-led company Motional are also preparing to deploy services in Austin and other U.S. cities.
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