this post was submitted on 22 Dec 2023
219 points (97.0% liked)
Technology
59251 readers
2922 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
Hyperloop One, the futuristic transportation startup that promised to whisk us through nearly airless tubes at airline speeds, is shutting down, according to Bloomberg.
Musk theorized that aerodynamic aluminum capsules filled with passengers or cargo could be propelled through a nearly airless tube at speeds of up to 760mph.
The company came out of the gate strong, with tens of millions of dollars of funding and a bold vision of hyperloop systems all around the globe.
A year later, another co-founder, Shervin Pishevar, was ousted amid allegations of sexual assault and misconduct.
During the pandemic, nearly all of the top executives and founders left Hyperloop One, which also shed the Virgin from its name after the company decided to eschew passenger trips in favor of cargo.
The Boring Company, Musk’s tunneling operation, is still digging underground passageways in Las Vegas — but for Teslas, not hyperloops.
The original article contains 627 words, the summary contains 146 words. Saved 77%. I'm a bot and I'm open source!
Good Bot