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Hyperloop One is reportedly shutting down (techcrunch.com)

submitted 11 months ago by [email protected] to c/[email protected]

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Hyperloop One is reportedly shutting down::One of the longest-running hyperloop startups is reportedly shutting its doors. Hyperloop One, once backed by Richard Branson's Virgin Group, will cease

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[–] [email protected] 14 points 11 months ago (2 children)

Dubai port operator DP World wound up with majority control of the startup, and pivoted its focus to cargo in early 2022, cutting half the staff at the time and dropping the Virgin moniker.

It makes sense that they'd drop the name Virgin after DP world took over.

[–] [email protected] 1 points 11 months ago

🙌

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