MagAO-X is an entirely new extreme adaptive optics system for the Magellan Clay 6.5 m telescope, funded by the NSF MRI program starting in Sep 2016. The key science goal of MagAO-X is high- contrast imaging of accreting protoplanets at Hensuremathα. With 2040 actuators operating at up to 3630 Hz, MagAO-X will deliver high Strehls (> 70%), high resolution (19 mas), and high contrast (< 1 × 10$^-4 $) at Hensuremathα (656 nm). We present an overview of the MagAO-X system, review the system design, and discuss the current project status.