Hyperloop technology is a proposed high-speed transportation system that uses magnetic levitation to move pods through low pressure tubes at speeds up to 1200 km/h. It aims to provide faster, cheaper, more efficient travel than conventional trains or planes. The key components are the steel tubes, which are placed on pylons; capsules that carry passengers and goods inside the tubes; and terminals that connect to other transportation modes. By using magnets for levitation and propulsion in a near-vacuum environment, hyperloop systems experience little air resistance, allowing for ultra-high speeds while using less energy than traditional transportation. The first passengers traveled on a hyperloop track in November 2020, demonstrating its technical feasibility.