It Was Revealed That Hyperloop One Will Be Shut Down

There has been an important development regarding Elon Musk’s new generation transportation company, Hyperloop One. Bloomberg, announced that the company would be closed. Although there has been no statement from Elon Musk yet, according to sources familiar with the subject, the company will cease its operations as of December 31, 2023.

The project, which has been working on since 2014, is packaged in special tubes. at ultra high speed It was home to trains. The project, which was planned for freight and passenger transportation in the first phase, announced last year that it would focus more on freight transportation. With the implementation of the project, both traffic congestion will decrease It was believed that it would also save time. However, the latest news reveals that this will not happen.

It wasn’t anything more than a test track anyway.

Although Elon Musk first mentioned this project 10 years ago, not much has been done over the years. no progress. To date, the team has been unable to build anything other than a test track. Moreover, during this period, there were serious fights among investors. The project, which was called Hyperloop One in the first stage, was named Virgin Hyperloop One in the later stages. The project, which came under the control of Dubai company DP World last year, stopped using the Virgin name. In this process half the staff He got fired.

According to the information obtained, DP World, the owner of Hyperloop One, purchased the test tube and other materials built within the scope of the project. will put it on sale. However, no one knows who will seek these materials and for what purpose.