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SpaceX Hyperloop Competition: Top 3 teams duke it out for fastest pod
Hawthorne councilmembers, members of the California Assembly, and Hawthorne Mayor Alex Vargas were in attendance at the headquarters of SpaceX and The Boring Company for their jointly-hosted Hyperloop Competition 2.
The second such Hyperloop competition sponsored by Elon Musk, the eight months that separated them were filled to the brim with press coverage of The Boring Company (TBC), which has begun to seriously develop an experimental tunnel beneath a central street in Hawthorne, CA. Most intriguingly, TBC publicly acknowledged that it is now pursuing the development of its own form of Hyperloop technology, originally developed and released as a white paper by Elon Musk, albeit with tunnels rather than above-ground vacuum tube constructs.
Update: Watch Elon Musk award this team for having the fastest Hyperloop pod at 202 mph
The second competition was focused on one goal, above all others: top speed. The final three teams chosen for testing in SpaceX’s mile-long vacuum tube were as international as ever. Paradigm Hyperloop, a continuation of the Openloop team from Competition 1, is composed of 26 students from the northeastern U.S. and Canada, designed a pod that made use of air bearings to levitate and was intended to travel as fast as 200 mph through SpaceX’s test track. While not yet officially confirmed, a livestream suggested that their pod reached a maximum speed of approximately 100 km/h or 62 mph. While nowhere near its purported top speed, a member of Paradigm Hyperloop said that the team’s pod “levitated perfectly” and that the test generally went great. Their pod was one of the largest, weighing in at almost a metric ton.
SwissLoop, a team of 40 or so students from Swiss university ETH Zurich, developed a pod that levitated with permanent magnets and was propelled by compressed air, sort of like a rocket. SwissLoop’s SpaceX adviser, a mechanical engineer focused on reusing Falcon 9s on normal days, praised the group’s engineering and construction of the pod during a livestream on Facebook. SwissLoop experienced some technical difficulties while Musk waiting to provide the countdown in Swiss German, and he quipped about connectivity issues that the team was having with their pod. Musk later announced that due to those technical difficulties, SwissLoop’s pod would be removed for troubleshooting and WARR Hyperloop would conduct the second live test.
Pod problem. Developing futuristic transport isn't quick. #Hyperloop pic.twitter.com/QJAngYvCbP
— Jack Stewart (@stewart_jack) August 27, 2017
WARR Hyperloop, the victors of the first Competition, prepared their Pod ii to be tested on Sunday afternoon. One of the smallest pods at only 190 lb, the vehicle was intended to have a top speed of approximately 225 mph – a speed it was reported to be capable of reaching in 12 seconds. Designed by students from the Technical University of Munich, the pod was propelled with a 50 kW electric motor connected to polyurethane wheels. While the method of levitation was not specified, it is understood to be a system of permanent magnets similar to SwissLoop’s implementation. WARR is a German organization and stands for Scientific Workgroup for Rocketry and Spaceflight in English.
Elon Musk somewhat controversially revealed that The Boring Company had received “verbal approval” for an underground Hyperloop between Washington D.C. and New York City, appearing to acknowledge some form of back-room deal with the federal government. He later clarified in a series of tweets and replies that the approval was extremely preliminary and unofficial and that The Boring Company was hard at work beginning to form relationships with the numerous municipalities that would be involved along the proposed route. The several Hyperloop-related companies that formed following Musk’s white paper have been reluctant to make room for a new, Musk-headed competitor in the ring, but The Boring Company is aggressively pushing ahead with their demonstration tunnel in Hawthorne, CA and has successfully applied for the initial permits that will be required.
Mirroring Elon’s typically positive opinion of competition, he bid Hyperloop One and all other companies trying to revolutionize transportation the best of luck during Competition 2. Competition 2 is guaranteed to provide SpaceX and The Boring Company an inside glance at some of the best emerging engineering talent. Hosting the competition is quite possibly the most suave and effective method of recruitment one can readily imagine, with all promising teams generally being given private tours of both The Boring Company and SpaceX facilities.
I hope they and any others trying to advance transport technology succeed
— Elon Musk (@elonmusk) August 27, 2017
Meanwhile, stay tuned for the two max speed pod tests to come later this afternoon. There is no live coverage from SpaceX itself, but SwissLoop has been kind enough to livestream several of the main events on their Facebook page. You can also follow a live Facebook stream here. Follow along live there and check back at Teslarati for coverage of the events!
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla Cybercab launch is imminent after latest sighting at Giga Texas
Elon Musk says this part of Tesla ‘makes no sense’
