A group of Massachusetts Institute of Technology (MIT) engineering students has won the first round of a competition to design transport "pods" for Elon Musk's ultra-fast Hyperloop. Selected from more than 100 other university teams, the top teams will now have the opportunity to build their pods for a trial run on the Hyperloop Test Track (now under construction) by April 2016. If successful, the pods will be able to transport up to 30 people at speeds of 700 miles-per-hour through the Hyperloop's 12-foot diameter tube.