Page 2 - Hardt Hyperloop News Today

Most employees were laid off and the company is trying to sell its remaining assets.

Hyperloop One, the futuristic transportation company, is reportedly shutting down, facing financial struggles, laying off most employees, and seeking to sell assets

Once a high-profile startup, Hyperloop One raised more than $450 million since its founding in 2014, according to PitchBook.

The company had captured the public’s imagination since its founding in 2014, a year after Elon Musk released a white paper outlining a vision for hyperloop technology. The concept was a tantalizing promise of a new kind of transportation technology — and an end to traffic. 

Futuristic transit company Hyperloop One to shut down - SiliconANGLE

High-speed transportation firm Hyperloop One is shutting down its operations from December 31, after failing to obtain a commercial project.

Company’s remaining staff will see their employment end on New Year's Eve

A US start-up that hoped to revolutionise public transport using 760-miles-per-hour hyperloop technology is shutting down, a year after Sir Richard Branson pulled his backing from the business.

(Bloomberg) -- Hyperloop One, the futuristic transportation company building tube-encased lines to zip passengers and freight from city to city at airplane-like speeds, is shutting down, according to people familiar with the situation.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsQuake Hits Northwestern Japan, Killing Four, Wrecking HomesIndia’s Crude Oil Imports From Russia Plunge on Payment IssuesUS Pushed Dutch Maker of Chip Equipment to Block Chinese...

The world's most modern means of transportation are taking their first steps in development in countries such as Spain and the Netherlands. The first