3:34 Current tunneling technology is slow and expensive, so The Boring Company is sponsoring a competition to design a machine to do it quickly. UC is one of 12 finalists in the Not-A-Boring Competition. Students are finalizing their design and raising money to buy and manufacture parts. They will likely compete this summer in California, pending University approval. The Big Picture On November 8, 2020, Virgin Hyperloop became the first company to test this form of travel with people. Even though it's designed to reach speeds of 750 mph, on this day the test was limited to 48 mph. Here's what happened last fall in California on Virgin's test track: