Hyperloop is a high-speed transportation concept proposed by Elon Musk. It envisions pods traveling in low-pressure tubes at speeds up to 760 mph (1,220 km/h). Though several companies are working on it, widespread implementation is still in the experimental phase.

Yes, that's correct! The Hyperloop concept has generated a lot of interest due to its potential for high-speed, energy-efficient transportation. While progress is being made, there are still significant technical and regulatory challenges to overcome before it becomes a mainstream mode of transportation.