The hyperloop speed record was topped by German engineering students at Technical University of Munich whose WARR Hyperloop team reached 284 miles per hour on Sunday.
WARR Hyperloop was one of three finalist teams to participate in the competition centered around SpaceX CEO Elon Musk's vision to create a high-speed transportation system of self-propelled pods hurtling through tubes, The Verge noted.
Musk made an appearance at the event, applauding teams for their efforts.
"This is really the first opportunity to create a new mode of transport," he said, according to The Verge. "That’s really what this competition is about: things that could radically transform cities and the way people get around."
Sunday's event was the third pod competition. Delft University from the Netherlands and EPF Loop from Switzerland also participated in this year's finals at SpaceX headquarters in Hawthorne, California.
Twenty student teams from 40 countries were invited to participate in the competition, TechCrunch reported.
It was the third time Technical University of Munich won the event, with this year's winner traveling 50 percent faster than the school's August 2017 entry, TechCrunch reported.
Musk introduced his concept for hyperloop in 2013 with an aim of reaching top speeds of about 800 mph, CNET reported. While speeds have progressed during the past three competitions, CNET noted that this year's winning entry is very small — about the size of a child.
Virgin Hyperloop One, which is backed by Richard Branson, said it tested a full-scale pod reaching speeds of 240 mph, according to CNET.
Meanwhile, test tracks are being developed in France and Canada.
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