The following submission statement was provided by /u/lughnasadh:

Submission Statement

Hyperloop trains were a concept that seemed to be nearing reality several years ago and then faded away. Except they haven't. Several companies around the world seem to be moving forwards in developing the technology.

Will any of this result in a real-world application? It's interesting the EU is sponsoring this, and the focus is on the EU so much. It suggests the industry might think this is where progress is likely.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/111erdh/7_international_companies_have_teamed_with_the_eu/j8e68sk/