Hyperloop One ceases operations after failing to secure contracts
In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.
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In a significant development, Hyperloop One, the high-speed freight transportation company based in Los Angeles, U.S., is set to shut down.
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.
In 2013, Elon Musk published a white paper that teased the idea of zipping from Los Angeles to San Francisco in just 35 minutes through a vacuum-sealed
Hyperloop One — a high-speed train startup endorsed by Elon Musk that nevertheless got sidetracked with project delays and bizarre sex-harassment claims…