By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Baner ClubBaner ClubBaner Club
  • Home
  • Business
    BusinessShow More
    Pakistan, China business firms sign $4.2 billion MoUs
    September 4, 2025
    Billions are lost due to top bosses’ massive abuse of the SOEs Act 2023.
    September 2, 2025
    Second phase of CPEC launched with new agricultural and industrial agreements
    October 7, 2024
    The Rupee depreciates 13 paise in interbank trade against the US dollar.
    October 7, 2024
    Reluctant bidders to keep on PIA employees
    October 7, 2024
  • Politics
    PoliticsShow More
    In Beijing, Xi and Kim discuss and stand to further their socialist agendas.
    September 4, 2025
    Over the National Guard’s deployment, Washington DC is suing the Trump administration.
    September 4, 2025
    As China and Pakistan sign $4.2 billion business agreements under CPEC 2.0, the PM promises investors that they will be facilitated.
    September 4, 2025
    PTI divided over Kalabagh Dam after Gandapur voices support for project
    September 4, 2025
    PTI divided over Kalabagh Dam after Gandapur voices support for project
    September 4, 2025
  • Technology
    TechnologyShow More
    European nuclear research delegation visits Pakistan: FO
    September 2, 2025
    The government warned: “Without a data strategy, the UK risks losing its leadership in AI.”
    October 7, 2024
    A 10-year-old youngster may be seen on camera traversing a ‘busy’ school playground in a stolen automobile.
    October 7, 2024
    Now, for a price, loyalty testers will expose your boyfriend’s infidelity.
    October 7, 2024
    Google unveils a new video-based search interface.
    October 4, 2024
  • Sports
    SportsShow More
    Pakistan defeats the UAE by 31 runs in the T20 Tri-series 2025, with Fakhar and Abrar shining.
    September 4, 2025
    Australian pacer Starc retires from T20Is, shifts focus to Tests, ODIs
    September 2, 2025
    GB climbing season severely hit by climate disasters, challenges
    September 2, 2025
    Afghanistan defeat Pakistan by 18 runs in T20I tri-series clash
    September 2, 2025
    Masood ton puts Pakistan in good position against England
    October 7, 2024
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
Reading: Hyperloop One, Elon Musk’s futuristic transportation startup, closes
Share
Notification
Font ResizerAa
Font ResizerAa
Baner ClubBaner Club
Search
  • Home
  • Business
  • Politics
  • Technology
  • Sports
  • Job Portal
  • Matrimonial
  • Marketplace
  • Chat Room
  • More
    • Blog
    • Interests
    • Contact Us
  • Privacy Policy
  • Terms and Conditions
© 2022 BanerClub. All Rights Reserved.
Baner Club > Blog > Information Technology > Hyperloop One, Elon Musk’s futuristic transportation startup, closes
Information TechnologyInnovationTechnology

Hyperloop One, Elon Musk’s futuristic transportation startup, closes

Hyperloop One aimed to revolutionise travel through high-speed, low-pressure tube systems

Last updated: 2023/12/22 at 4:28 PM
Published December 22, 2023
Share
2 Min Read
SHARE

Virgin Hyperloop, Elon Musk’s old project, is reportedly in the process of liquidating its assets, terminating its remaining employees, and getting ready to shut down entirely by the end of 2023.

Hyperloop One was a once-promising future transportation firm that sought to transform travel with low-pressure, high-speed tube networks.

Assets and intellectual property are being sold as part of the shutdown, with Dubai Port Operator DP World expected to acquire the majority stake.

The Nevada test track owned by the corporation is also for sale, making this a compelling opportunity for any prospective purchaser.

Having raised almost $450 million in finance since its founding in 2014, Hyperloop One was a significant player in the hyperloop industry.

Elon Musk’s innovative idea, describedsuggested launching aluminum capsules via nearly vacuum tubes at 760 mph in his 2013 “alpha paper,” so introducing a “fifth mode of transportation.”

The business had to deal with internal conflicts, legal issues, and budgetary limitations despite early optimism and substantial capital.

The challenges faced by Hyperloop One are similar to those faced in implementing Elon Musk’s ambitious hyperloop concept.

The shutdown of one of the major participants marks a blow for the once-prominent dream of revolutionizing transportation through hyperloop technology, even as other entrepreneurs continue to work on their hyperloop projects.

You Might Also Like

New oil and gas reserves discovered in Attock district

Which country is going to ban social media, Facebook?

European nuclear research delegation visits Pakistan: FO

The UK is developing the first ovarian cancer vaccine, which “could wipe out the disease.”

The government warned: “Without a data strategy, the UK risks losing its leadership in AI.”

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
December 22, 2023 December 22, 2023
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link
Share
Previous Article Microsoft may have to dispose of 240 million PCs as a result of its Windows 10 support phase-out.
Next Article Seven techniques to maintain your vision as you age
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Pinterest Pin
Instagram Follow
Youtube Subscribe
Dribbble Follow
- Advertisement -
Ad imageAd image

Latest News

Tom Holland discloses that he was diagnosed with dyslexia and ADHD as a child.
Entertainment September 4, 2025
Afghanistan earthquake death toll rises, survivors face aid crunch
News September 4, 2025
Study reveals urgent climate crisis as wildfires ravage Spain, Portugal
Weather September 4, 2025
Punjab launches ‘clinic on boat’ service for flood victims
Health Pakistan September 4, 2025
//

Where headlines meet insight, and stories shape perspectives. Your gateway to informed perspectives and captivating narratives.

Top Categories

  • BUSINESS
  • POLITICS
  • TECHHot
  • HEALTH
  • News
  • Technology
  • Fashion

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Baner ClubBaner Club
Follow US
© 2025 BanerClub. All Rights Reserved.
  • Privacy Policy
  • Terms and Conditions
Pay with Paypal

Login

Register

Please enter your username or email address. You will receive a link to create a new password via email.

Loading Back to login
Forgot Password
Facebook Login Loading...
Registration is currently disabled.
  • Login
  • Sign Up
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
body::-webkit-scrollbar { width: 7px; } body::-webkit-scrollbar-track { border-radius: 10px; background: #f0f0f0; } body::-webkit-scrollbar-thumb { border-radius: 50px; background: #dfdbdb }
Welcome Back!

Sign in to your account

Lost your password?