this post was submitted on 22 Dec 2023
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Hyperloop One, the futuristic transportation startup that promised to whisk us through nearly airless tubes at airline speeds, is shutting down, according to Bloomberg.Musk theorized that aerodynamic aluminum capsules filled with passengers or cargo could be propelled through a nearly airless tube at speeds of up to 760mph.
The company came out of the gate strong, with tens of millions of dollars of funding and a bold vision of hyperloop systems all around the globe.
A year later, another co-founder, Shervin Pishevar, was ousted amid allegations of sexual assault and misconduct.
During the pandemic, nearly all of the top executives and founders left Hyperloop One, which also shed the Virgin from its name after the company decided to eschew passenger trips in favor of cargo.
The Boring Company, Musk’s tunneling operation, is still digging underground passageways in Las Vegas — but for Teslas, not hyperloops.
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