High-speed rail company Hyperloop One is shutting down.


The company famous for the idea of ​​shooting people hundreds of miles per hour through a vacuum has been shut down. Hyperloop One, based on an idea from Elon Musk, aims to dramatically cut travel times. It was previously sponsored by Virgin founder Richard Branson, but he stepped down last year.
According to Bloomberg. The company announced a change in strategy in 2022, saying it would focus on transporting goods instead of people.
The change was accompanied by the announcement of more than 100 job losses, with more job cuts later in the year.

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