The winner of Elon Musk's Hyperloop Pod Competition hits 290 mph

  • For the third time, engineering students from the Technical University of Munich won SpaceXCEO Elon Musk’sHyperloopPod Competition.
  • The event drew engineers from all over the world and focused on achieving top speed.
  • WARR Hyperloop won the competition by reaching 290 miles per hour, exceeding Virgin Hyperloops One’s speed record of 240 miles per hour set last year.

A group of German engineering students won the third SpaceX Hyperloop Pod Competition on Sunday, as their prototype pod shattered speed records and raced through a nearly mile-long tunnel at 290 miles per hour.

WARR Hyperloop, from the Technical University of Munich, won first place for the third time in a row and simultaneously set new speed records, topping out at 290 miles per hour. This year’s competition was exclusively focused on developing maximum speed pods, with the only requirements being that all pods be self-propelled as they raced to see who could travel the fastest down a 0.8 mile long test track tunnel from a standstill.

The annual competition drew 20 entrants from all around the world, and was hosted at SpaceX headquarters in Hawthorne, California. SpaceX CEO Elon Musk attended the event, along with his partner, Grimes, the Canadian pop star. Originally announced in 2015, Musk’s annual Hyperloop Competition seeks to cultivate engineering talent while simultaneously developing innovations for a futuristic transportation system. It is the first competition of its kind anywhere in the world.

This year, the event had a convivial feel, as The Verge reports an ’80s cover band called the Spazmatics played old songs while nearby university students hung out in the sun, enjoying the music and choice of food trucks. Musk himself made an unscheduled appearance with Grimes and his five young sons, chatting with students and engineers alike.

“This is really the first opportunity to create a new mode of transport,” Musk 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.”

WARR Hyperloop came into the competition with ambitious goals. Last month, in a press release, they announced intentions of having their pod hit 378 mph (600 kph). Their 2018 pod was designed with a smooth, black aerodynamic shape-one smaller than previous models-and used eight small electric motors that produced 240 kW of energy. By hitting 290 mph, they bested the speed record set last year by Virgin Hyperloop One’s pod, which topped out at 240 mph in December.

Aside from WARR Hyperloop, other finalists qualifying for the competition were teams from Delft University from the Netherlands and EPF Loop from Switzerland.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.