Home » Business » Hyperloop One Project, Backed by Elon Musk and Richard Branson, Halts All Operations

Hyperloop One Project, Backed by Elon Musk and Richard Branson, Halts All Operations

Hyperloop One, which was supposed to be the public transportation of the future, has completely stopped all operations. The authors of the Hyperloop One idea and the biggest supporters were Elon Musk and Richard Branson. This future mobility vehicle, which could reach speeds of up to 1,000 km/h, was originally created for the purpose of transporting people and cargo.

The beginnings of Hyperloop One can be traced back to 2014, since then the Hyperloop One project has attracted and probably successfully neutralized 450 million dollars. Hyperloop One built a small test track in Las Vegas, then Hyperloop One was also renamed Virgin Hyperloop One when Branson became involved in the project. Later, Virgin disappeared from the name again when the project shifted to cargo transportation.

Various sources can be read and viewed about Hyperloop One and the problems with the idea. As far as can be understood from the sources, Musk himself did not rush into the idea of ​​Hyperloop One with his own money. Instead, Musk allowed the idea of ​​Hyperloop One to be used by other entrepreneurs who were willing to invest huge amounts of money in the project. One of the Hyperloop Ones was planned for Dubai, which could indicate the not-so-successful financial aspect of Hyperloop One’s construction and maintenance.

2023-12-26 10:00:00
#future #travel #Hyperloop

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.