Promising to revolutionize transportation with the Hyperloop system Elon Muskseems to have failed to achieve its goals. Hyperloop OneWhen it could not make any progress in developing the technology, it decided to cease its activities.
Hyperloop One is closing its doors
Hyperloop One, founded in 2014 by many technology investors, especially Elon Musk, could not achieve its goals. The company develops ultra-high-speed tube systems using magnetic levers. from $450 million received too much investment. He also built a test track in Las Vegas.
Hyperloop One has failed to progress beyond prototype testing and studies. Although he built a few short tunnels; He could not realize his plans in cities such as Los Angeles, Chicago and Washington. This reduced confidence in the project and led to employees leaving the company.
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The company has laid off its remaining employees since last month. In the new statement, it announced that it would close the offices and sell its remaining assets. majority shareholder DP WorldHe stated that he would purchase the company’s intellectual property but would not continue hyperloop work.
The closure of the company is also a blow to other hyperloop projects. This project, first proposed by Elon Musk; It tackles low-pressure tubes, powerful magnets, and ultra-efficient vehicles. However, Hyperloop One, which experienced technical obstacles, stated that it was “too difficult to overcome”.
The cancellation of Hyperloop One also raises questions about the feasibility of the hyperloop concept. Although there are still a few projects, the practicality of the hyperloop has become a matter of debate.
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