Bankrupt | Hyperloop One
In 2013, Elon Musk unveiled his concept for a "5th mode of transportation" called Hyperloop. Spawning from this idea was a lot of public excitement as well as companies racing to build one.
2024-04-20 19:00:00 - Elton John
Virgin Hyperloop One was one such company, seemingly making the most progress of any company with technological breakthroughs including the first human test.
But after a decade to work and over $400 million invested, in late 2023, the company declared the equivalent of bankruptcy and shut down.
Join me today to find out why.