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Hyperloop One is reportedly shutting down (techcrunch.com)

submitted 10 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 2 points 10 months ago (1 children)

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

[–] NotMyOldRedditName@lemmy.world 2 points 10 months ago* (last edited 10 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He thought it was going to be to expensive, slow and already be outdated by the time it was finally built.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.