Here are the big winners from Elon Musk's Hyperloop competition (TSLA)

warr hyperloop team spacex

German students took home first prize at SpaceX's Hyperloop competition that ran this weekend.

WARR Hyperloop, a team composed of students from Technical University of Munich, clinched the win after its pod reached a top speed of 324 kilometers per hour (201 mph). Teams tested their system on SpaceX's 1.25-kilometer test track.

SpaceX launched the competition in 2015 when it first called on students to submit design proposals for the Hyperloop, which works by shooting pods through a vacuumed-sealed tube. SpaceX then selected 30 teams to participate in the competition, which had its first run in January.

SpaceX CEO Elon Musk attended Sunday's competition and praised WARR Hyperloop's accomplishment on Twitter. The team also won the fastest pod award at January's competition.

Congratulations to WARR team from Tech Univ Munich for winning 2nd @Hyperloop competition! Peak speed of 324 km/h, which is over 200 mph!!
— Elon Musk (@elonmusk) August 28, 2017

WARR Hyperloop has achieved one of the fastest test-runs to-date. Hyperloop One, a startup that's pursuing the system for commercial use, reached a top speed of 192 mph in August on its 500-meter test track in Nevada.

Hyperloop pod run by team WARR http://pic.twitter.com/ntaMsoxkZE
— Elon Musk (@elonmusk) August 28, 2017

Paradigm Hyperloop, a team composed of students from Northeastern University and Canada's Memorial University, placed second after its pod reached a top speed of 100 kilometers per hour (62 mph). Canadian Prime Minister Justin Trudeau on Tuesday wished the team good luck on Twitter.

Congratulations & best of luck to @waterloo_hyper and @paradigm_hype at this week’s @SpaceX @Hyperloop Pod Competition!
— Justin Trudeau (@JustinTrudeau) August 22, 2017

When Musk first unveiled plans for the Hyperloop competition in 2015, he said he had no interest in building the Hyperloop himself, Bloomberg reported.

However, Musk is now pursuing the Hyperloop through this newest venture, The Boring Company, which plans to build the system between Washington DC and New York.

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