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Hyperloop One is shutting down its operations. The company was founded in 2014 promising pods that would carry passengers at airline speeds through nearly airless tubes. Turns out, it wasn’t really viable.
Hyperloop One, once backed by Richard Branson's Virgin Group, will cease operations on December 31 according to Bloomberg News. It's the latest stumble in the tech industry's attempt to bring life to an idea Elon Musk first put forth in a white paper in 2013. Hyperloop One itself went through multiple mutations, including an ugly legal fight between its co-founders.
One of the longest-running hyperloop startups is reportedly shutting its doors. Hyperloop One, once backed by Richard Branson's Virgin Group, will cease
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