Hyperloop One project based on futuristic technology closed in America in 9 years

Hyperloop One project based on futuristic technology closed in America in 9 years

Hyperloop One, a company based on futuristic technology and dreams of taking people from one corner of the world to another at high speed, is on the verge of closure in 9 years. This company promised to usher in a high-speed era of 700 km per hour by using maglev technology in vacuum tubes. Now the company says that it is closing its project. The company conducted the first test at the safety site in Nevada, USA on 11 May 2016. On November 9, 2020, Virgin Hyperloop was tested with a pod on a 500-meter track in Vegas. Its speed was 161 km per hour.

Now the company has fired most of the employees and has also closed the Los Angeles office. The remaining employees have been assigned the task of selling the company’s test track and machinery by December 31. American businessman Elon Musk is working on Harz Hyperloop, Hyper-loop TT, and Swisspod Tech prototypes.

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