29 Sep '13, 9pm

Ex-SpaceX director ready to help crowdfund Elon Musk's Hyperloop

Ex-SpaceX director ready to help crowdfund Elon Musk's Hyperloop

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 begin raising funds for their designs, and have been looking for volunteers to join in exchange for equity in the future company. "We look forward to making this a true open-source development." Networking has been taking place through the JumpStart Fund crowdfunding platform where Musk first posted the Hyperloop Alpha design in August. Users can start up proto-corporations on the platf...

Full article: http://green.autoblog.com/2013/09/29/ex-spacex-director-r...

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