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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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[-] Poutinetown@lemmy.ca 10 points 10 months ago

DP World will wind up with Hyperloop One’s intellectual property, Bloomberg reports, while the rest of its hard assets — including a test track outside Las Vegas and other machinery — will be sold off.

Wonder how much of the value (if any) was in the IP, which will be solely owned by a company mainly focused on maritime trade.

this post was submitted on 22 Dec 2023

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