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Hyperloop One to Shut Down After Failing to Reinvent Transit (www.bloomberg.com)

submitted 10 months ago by [email protected] to c/[email protected]

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Hyperloop One to Shut Down After Failing to Reinvent Transit::The company is selling assets, laying off remaining employees.

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[–] [email protected] 65 points 10 months ago (3 children)

No way, you mean this insane nonsense that was obviously never going to work isn't going to work after all? Damn.

[–] [email protected] 9 points 10 months ago (1 children)

I'm impressed they could get their momentum going for so long, they were able to burn so much money and only now are investors pulling out? That was a serious hype train! Even if it was meant as lobby sponsoring against standard high speed rail, holy cow what a waste!

[–] [email protected] 2 points 10 months ago* (last edited 10 months ago)

Hey, at least this time it really was a hype train /j

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