The Hyperloop is one step closer to completing its transition from concept to reality after a successful, though limited, full-scale test run by Hyperloop One.

The transportation start-up said it completed the first full system Hyperloop test in a vacuum environment in mid-May at the company's development test loop just north of Las Vegas.

"For the first time in over 100 years, a new mode of transportation has been introduced," said Shervin Pishevar, co-founder and executive chairman of Hyperloop One. "Hyperloop is real, and it's here now."

The company had been targeting spring 2017 for what it called "a Kitty Hawk moment," where it would show that the ultrahigh-speed transportation system can work at full scale.