6park.comADVERTISEMENT 6park.com[iframe][/iframe] 6park.com 6park.com 6park.comHigh-speed train company Hyperloop One shuts down
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6park.comBy Imran Rahman-Jones 6park.comBBC News 6park.comThe company which became well known for its idea of shooting people hundreds of miles an hour through a vacuum has shut down. 6park.com
The aim of Hyperloop One, based on an idea by Elon Musk, was to dramatically cut journey times. 6park.com
It has previously received backing from Virgin founder Richard Branson, but he pulled out last year. 6park.com
The firm will lay off its remaining staff by the end of the year, according to Bloomberg. 6park.com
The company had promised a new era of high speed travel, using magnetic levitation (maglev) technology - which is already used in some transport systems - within a vacuum tube. 6park.com
ADVERTISEMENT 6park.com[Insecure Code] [< iframe frameborder="0" src="https://4d833abf1799448c7bd78ac6d35a0da1.safeframe.googlesyndication.com/safeframe/1-0-40/html/container.html" id="google_ads_iframe_/4817/bbccom.live.site.mobile.news/news_technology_content_4" title="3rd party ad content" name="" scrolling="no" marginwidth="0" marginheight="0" width="320" height="50" data-is-safeframe="true" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" allow="attribution-reporting" role="region" aria-label="Advertisement" tabindex="-1" data-google-container-id="5" data-load-complete="true" >] 6park.comThis would reduce friction and air resistance, allowing the train to travel at speeds of 700mph (1,127km/h). 6park.com
It was also meant to be greener than current high-speed transport. 6park.com
However, while Hyperloop One did build some prototypes in the Nevada desert, the project stalled with some experts expressing doubts about its engineering challenges. 6park.com
ADVERTISEMENT 6park.com[iframe][/iframe] 6park.comIt would have required the construction of giant tubes across the countryside and within towns. 6park.com
It also had a problem with corners - so all the tubes would have to be in a straight line. 6park.com
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6park.comA trial of the system took place with two company employees in 2020 - the first successful passenger ride using hyperloop technology. 6park.com
The pod reached a top speed of 107mph (172km/h) on the 546yds (500m) test run. 6park.com
But the company announced a change in strategy in 2022, saying it would focus on transporting cargo instead of people. 6park.com
That change also came with an announcement of over 100 job losses, and was followed by more job cuts later in the year. 6park.com
By the end of the year, it was reported that Richard Branson, who had been company chairman, was pulling out and the company lost the endorsement of Virgin. 6park.com
The company had also endured scandal over the years, with one previous director Ziyavudin Magomedov jailed in Russia on embezzlement charges. 6park.com
Another investor, Shervin Pishevar, left in 2017 after Bloomberg reported sexual misconduct allegations. 6park.com
6park.com[Insecure Code] [< iframe id="smphtml5iframebbcMediaPlayer0" name="smphtml5iframebbcMediaPlayer0" allow="autoplay" frameborder="0" scrolling="no" lang="en-GB" allowfullscreen="" allowtransparency="" src="https://emp.bbc.com/emp/SMPj/2.51.0/iframe.html" title="The future of high-speed travel?" >] 6park.comMedia caption,
The prototype pods are propelled along a track by using magnetic levitation technology 6park.com
6park.comThe original hyperloop was based on a report published by Elon Musk in 2013 which proposed the idea of shooting capsules through a tube at high speed. 6park.com
Mr Musk has his own firm, The Boring Company, which is researching similar technology using underground tunnels. 6park.com
There are also other similar companies around the world which continue to work on the concept. 6park.com
DP World, the Dubai-based company which owns a majority stake in Hyperloop One, has been contacted for comment. 6park.com
Related Topics
6park.comElon MuskTransportRichard BransonFreight transport 6park.com
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