“The pod only reached a top speed of 100mph, far short of the original promise of seven times that amount.”
Hyperloop One raised around $450 million since 2014 and ran exactly one test with human passengers. Its executives told The Verge in 2017 to expect working hyperloops around the world by 2020. The company closes at the end of the year and its intellectual property goes to Dubai port operator DP World, the investor that put in $90 million in 2019. Nobody rode a hyperloop, but the patents found a buyer.