A group of Arizona college students are competing against teams from around the world in hopes of impressing Elon Musk. The tech guru's company, SpaceX, is hosting its third-annual Hyperloop Pod Competition July 22. SpaceX hopes to use the high-speed transportation system to transport people between cities at a fast rate. Three years ago, 13 students formed AZ Loop. Now the team has more than 60 members from Arizona State University and Embry-Riddle Aeronautical University. The team created a self-propelled, model-size pod that is about 10 feet long and travels on a track. It has navigation, propulsion, braking and stability mechanisms. ASU, Embry-Riddle students build pod for Elon Musk's SpaceX Hyperloop competition I love it!