The announcement will also help to bolster the credentials of North Las Vegas, which is becoming a big tech hub for promising new transportation firms. As well as Hyperloop One, officials have snagged investment from Faraday Future to build its new electric supercar factory in the region. In fact, Nevada is becoming a key battleground for transport businesses, since Tesla's Gigafactory is being established seven hours up the road outside Reno.

Of course, Hyperloop One is putting a brave face on while it suffers from a little bit of internal strife. Co-founder Kevin "Brogan BamBrogan" Brogan has sued the firm, citing harassment and a potential death threat from the brother of co-founder Shervin Pishevar. The company has filed a counter-suit, saying that Brogan was responsible for causing internal strife and launching a "coup," to grab control of the company. Although, as co-founder, you'd think he already had control of the company, wouldn't you?