Here is a bit more background on the project:

The Hyperloop train concept is based on the idea of a “vactrain.” That’s a high-speed train run in a tube that has had all the air removed, making it a vacuum – hence the name. Having no air in the tube means (almost) no drag, the aerodynamic force that pushes in the opposite direction from which a train is traveling. So a vactrain could potentially travel really fast – think thousands of miles an hour.

The Hyperloop project has its challenges in places that have air. But in places with little air and no fossil fuels, where you can’t fly and there’s little drag, it makes a lot more sense.

Places like Mars.

Elon Musk has a habit (SpaceX/SolarCity/Tesla Motors) of trying to use his money to start private ventures that he, and many others, believe are also important to humanity. Musk has spoken about his own commercial venture to put people on Mars, and SpaceX was listed as a potential launch vehicle for Mars One, another private outfit aiming to travel to the red planet.

This journalist might be right how cool would that be?  And we hope you like the video.

thanks to gizmodo for the great info