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Companies like Hyperloop Transportation Technologies are pioneering these systems, developing advanced vacuum pumps and sealing technologies to maintain the near-vacuum conditions required for optimal operation. Magnetic levitation technology is another critical component of the hyperloop system, allowing the pods to float above the track, eliminating friction and enabling smooth, high-speed travel. Current advancements in magnetic levitation technology include the development of more efficient and cost-effective magnetic systems that can support the weight of the pods while providing stable and safe levitation.