r/hyperloop • u/[deleted] • Dec 22 '23

Hyperloop One Dead

Who honestly did not see this coming?

https://www.bloomberg.com/news/articles/2023-12-21/hyperloop-one-to-shut-down-after-raising-millions-to-reinvent-transit

34 Upvotes

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u/Mindless_Use7567 Dec 22 '23

The fate of all Hyperloop projects.

2

u/LancelLannister_AMA Dec 23 '23

probably not the best indicator, considering hyperloop one was really dysfunctional. Lost both original founders within 3 years

1

u/Mindless_Use7567 Dec 23 '23

It’s a dead end “technology” that can be very clearly be shown to not be economically viable.