Hyperloop One's Demise Marks the End of a Transportation Dream

Hyperloop One, a major hyperloop transportation startup, is shutting down and selling off its assets, signaling the end of the dream of high-speed travel through nearly airless tubes. The company, which raised around $450 million in funding, will formally close at the end of the year, with its intellectual property transferring to its majority stakeholder, DP World. Despite the demise of Hyperloop One, there are still a few startups attempting to build hyperloops. The hyperloop concept, originally proposed by Elon Musk in 2013, aimed to revolutionize transportation with aerodynamic capsules traveling at speeds of up to 760mph. However, the technology has faced numerous challenges and delays, and no full-scale hyperloops currently exist.