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Apr 17, 2017 10:34 PM EDT

SpaceX has great news for student teams around the world. The Hawthorne-based aerospace company has just announced its second Hyperloop Pod Competition, giving student teams from around the world a chance to race their Hyperloop pod prototypes. The upcoming second Hyperloop Pod Competition will take place this coming August 25 to 27 at Hawthorne, California.

The Hawthorne, California-based aerospace company has already given out details for its Hyperloop Pod Competition 2, which will be held this coming August 25 and 27 of this year. The Hyperloop competition, which will be host by SpaceX, aims at encouraging student teams from around the world to innovate and come out with some great idea about a futuristic high-speed transport system.

The Hyperloop Pod Competition 2 will be open to new applicants and also those who successfully tested their pods during the first competition in January. Additionally, Hyperloop teams who weren't able to compete during that trial due to some technical difficulties may also join the second Hyperloop competition, according to TechCrunch.

The first round of the Hyperloop Pod Competition 2 started with an open field pitching design specs and concepts at Texas A&M early last year. Here, judges made the analysis and then picked the teams that can actually build and race their Hyperloop pods. In the second round of the competition, the effort seems to focus more on providing student teams a chance to refine their existing Hyperloop prototypes.

However, there a few changes made in the second Hyperloop competition. There will be only one criteria for judgment as opposed to multiple ones in the first Hyperloop Pod Competition which was held last January. The criteria for the new competition will be the maximum speed with successful deceleration, and the winner of the Hyperloop Pod Competition 2 will be whoever hits the top speed on the track.

In another Hyperloop-related story, US-based Hyperloop One has just released 11 possible routes for its futuristic high-speed transit system. These 11 possible routes are located across several states in the United States.

In doing this, the startup has conducted a two-day event in Washington DC to evaluate eleven US route proposals for the high-speed transit system and to meet with government regulators about getting the Hyperloop system running.

The Los Angeles-based Hyperloop One, which also known as Hyperloop Technologies, has been working for years trying to bring the concept of Hyperloop technology into reality and at the same time, commercialize the Hyperloop technology for moving people and cargo at a fraction of the cost of air travel. Hyperloop One plans to launch a public trial on its two-mile development track in Nevada by the end of June, but it still needs to prove the futuristic transport system that Tesla CEO Elon Musk first introduced in a White Paper in 2013.

Earlier this year, the Los Angeles-based startup launched a global challenge to get more feedback and to crowdsource route proposals for a Hyperloop system in the US. And finally, after a thorough analysis of over 2,600 route proposals, the startup has finally picked the 11 finalists, which will present their Hyperloop vision in Washington DC, the Futurism reported.

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