hyperloop 1 We are a company born to bring Elon MuskThe far-fetched claim that it is possible to design virtually airless tubes underground or above ground to facilitate ultra-fast mass transport to life. That dream now appears to be over, as the company plans to lay off most of its employees and sell its remaining assets.
Like many startups, hyperloop 1 got off to a strong start with an initial investment of more than $450 million, but the company became unstable when the realities of building an entirely new form of transportation that required unknown logistics set in. . It was acquired by Richard Branson’s Virgin in 2017, but was later shrouded in scandal and recently folded. According to a report by Bloomberg,
The company has captured the imagination since its founding in 2014, a year after Elon Musk released a white paper outlining his vision for hyperloop technology. The concept was appealing, promising a new kind of transportation technology and the end of transportation.
But the nascent industry stumbled, and Hyperloop One was unable to win a contract to build a working Hyperloop. The company attracted a lot of attention for the wrong reasons too. Co-founder Brogan Bambrogan once arrived at work to find a noose tied to his chair. Another co-founder, venture capitalist Shervin Pishevar, resigned after Bloomberg reported sexual harassment allegations against him, which he denied. Former Hyperloop One director Zyavudin Magomedov has been arrested in Moscow on charges of fraud and embezzlement unrelated to Hyperloop One. At the time, Magomedov’s lawyer said he was appealing his arrest.
Although no large-scale hyperloop has been built after years of effort, the concept continues to fascinate entrepreneurs. Several hyperloop companies are in various stages of prototype construction, including Hardt Hyperloop, Hyperloop Transportation Technologies Inc., and Swisspod Technologies.
Hyperloop conducted a single test on passengers at a test track in Nevada, with disastrous results. The pod, which was supposed to operate at speeds in excess of 1100 miles per hour, reached a top speed of 160 miles per hour. Woof woof woof.
Elon They succeeded in building a “hyperloop” of sorts, which is still alive and well, but it’s nothing like what was originally promised. Elon’s Hyperloop It exists as a one-lane tunnel system that runs beneath the Las Vegas Convention Center and serves as an underground route for standard Tesla vehicles to transport people around the 4.6 million square foot convention center. I rode on the Tesla Hyperloop several times in his 3 years of participation. SEMA show A little extra can be very useful. However, the system was intended to expand beyond the convention center, but that hasn’t happened yet.
In other news, Japan bullet train continues to operate flawlessly, transporting approximately one million passengers across the country each day with virtually guaranteed punctuality and efficiency.