ET3 is planning to build and test a 3-mile long version of the super-fast technology by the end of 2013.

Elon Musk’s dream of a hyperloop transport system may be closer than he thought, with Colorado-based company ET3 planning to build and test its own version of the super-fast technology. ET3, which stands for Evacuated Tube Transport Technologies, is described as “space travel on Earth.”

The transport system will be silent, low cost, safe, fast, and electric. Car sized passenger capsules carrying up to six people will be able to travel faster than jets in 1.5m diameter tubes at speeds of up to 4,000 mph.

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