All articles tagged with #hyperloop
Originally Published 17 days ago — by Interesting Engineering
China's researchers achieved a world record by accelerating a superconducting maglev vehicle to 435 mph in just two seconds on a 400-meter track, demonstrating significant advancements in ultra-high-speed transport technology with potential applications in hyperloop systems, rocket launches, and aerospace testing.
Originally Published 1 year ago — by Fortune
Hyperloop Transportation Technologies (HyperloopTT), a startup inspired by Elon Musk's vision of a high-speed vacuum transportation system, has faced financial difficulties, struggling to pay employee salaries and rent. The company's CEO, Andrés de León, warned shareholders of dangerously low cash reserves and pleaded for an extra $5 million to cover debts and operational expenses. Despite these challenges, HyperloopTT signed a contract with an Italian regional highway operator to conduct a feasibility study for a hyperloop prototype in Northern Italy. The company's financial situation remains uncertain, and its attempt to go public via a SPAC merger in 2022 was dropped.
Originally Published 1 year ago — by Futurism
The Boring Company's Hyperloop tunnel in Las Vegas reportedly contains dangerous chemical sludge that can burn the skin of workers, with some suffering permanent scars. The sludge, a byproduct of tunnel construction, has led to workplace safety violations and a fine of over $112,000 from Nevada's OSHA. Workers have described instances of skin burns and near-misses, including an intern almost being crushed by collapsing concrete bins. The Boring Company is contesting the violations, and the toxic sludge issue adds to a history of overstated promises and workplace violations within Elon Musk's business ventures.
Originally Published 2 years ago — by Rolling Stone
Hyperloop One, the futuristic transportation startup backed by Elon Musk, is shutting down and laying off employees. The company, which aimed to revolutionize transportation with airless tubes, raised $450 million in investments and constructed a test track near Las Vegas. However, after a series of setbacks and a change in focus to cargo rather than passengers, the company is now closing its offices and selling its assets. This adds to Elon Musk's growing list of failed ideas, including recent recalls of Tesla vehicles and controversies surrounding his involvement with Twitter.
Originally Published 2 years ago — by The Verge
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.