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Hyperloop One is reportedly shutting down
(techcrunch.com)
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this post was submitted on 22 Dec 2023
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As a Californian, the state should sue for damages and use the funds for high speed rail. The entire hype around this stupid tech was to torpedo high speed rail in the state so Musk could sell more cars. I get that this is Branson's spinoff, but the tech isn't viable and all the investor hype around it was just a smokescreen for public policy control and that HAS to result in some sort of reparations, it's basically fraud in my opinion. The assets should be sold off and put towards public transit.
Misleading shareholders