The first working Hyperloop could arrive by the end of 2016

New CEO Rob Lloyd is promising a "Kitty Hawk" moment.

Rob Lloyd, the recently minted CEO of Hyperloop Technologies, believes that his firm will have a fully working test loop ready for the end of the year. The executive is here at CES to oversee the breaking ground on the facility, which is being constructed on the outskirts of Las Vegas. If things go according to plan, the two-mile track is expected to be ready for passengers to try out before the end of the holidays. We sat down with Lloyd to talk about the past, present and future of Hyperloop in this wide-ranging interview with Engadget.