Hyperloop One: The End of an Era
Hyperloop One, the transportation company that aimed to revolutionize travel with high-speed pods in vacuum-sealed tubes, is officially shutting down on December 31. Despite raising hundreds of millions of dollars and undergoing various iterations, the company faced numerous challenges, including allegations of sexual misconduct against a co-founder and the withdrawal of Saudi Arabia's investment. The pandemic further impacted the company, leading to a shift in focus from passenger transport to cargo. DP World now holds the intellectual property rights and physical assets of Hyperloop One, including a test track, which will be sold off. Elon Musk's test tunnel has been repurposed as a parking lot, and no full-scale hyperloops currently exist.
