Hyperloop One is reportedly shutting down | TechCrunch
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One of the longest-running hyperloop startups is reportedly shutting its doors. Hyperloop One, once backed by Richard Branson's Virgin Group, will cease

Hyperloop One is reportedly shutting down::One of the longest-running hyperloop startups is reportedly shutting its doors. Hyperloop One, once backed by Richard Branson’s Virgin Group, will cease

  • hesusingthespiritbomb@lemmy.worldEnglish
    135·
    9 months ago

    To everyone implying that Elon leveraged the concept of hyperloop to kill high speed rail in California:

    California killed high speed rail in California. The project is like 3x over budget with no real end in sight. If Elon dedicated his entire net worth in 2013 to the project it would still be over budget.

    • Not_mikey@lemmy.worldEnglish
      13·
      9 months ago

      Hsr isn’t dead, it’s still being actively built, employing thousands of people, still has broad public support and just got a shit ton of funding from the feds. It’s over budget and delayed yes but so was the original shinkansen because bootstrapping that kind of project and industrial knowledge is hard.