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Hyperloop One is reportedly shutting down (techcrunch.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[–] hesusingthespiritbomb@lemmy.world 3 points 9 months ago (1 children)

To everyone implying that Elon leveraged the concept of hyperloop to kill high speed rail in California:

California killed high speed rail in California. The project is like 3x over budget with no real end in sight. If Elon dedicated his entire net worth in 2013 to the project it would still be over budget.

[–] lukewarmtuna@lemmy.world 16 points 9 months ago (3 children)

Elon said himself that he did it to kill HSR lmao

[–] hesusingthespiritbomb@lemmy.world 2 points 9 months ago (1 children)

Okay but Elon also makes crazy grandiose statements on a daily basis.

[–] NotMyOldRedditName@lemmy.world 2 points 9 months ago* (last edited 9 months ago)

No, he legitimately didn't want that specific HSR plan to happen and wanted to get it stopped.

He thought it was going to be to expensive, slow and already be outdated by the time it was finally built.

There are already faster trains being built today and he wanted them to do something better.

Most people turn that into he is 100% against high speed rail and make it a conspiracy about wanting to sell more cars.

We won't ever know the truth.

[–] LWD@lemm.ee 1 points 9 months ago* (last edited 8 months ago)

deleted

[–] NotMyOldRedditName@lemmy.world 0 points 9 months ago

He did it to kill that specific plan.

He wanted something better.

You can either take him at his word, or fall into the conspiracy camp of selling more cars, but thats the 2 options you get.