Tag: Setbacks

  • Hyperloop One Set to Close Doors Amidst Contractual Setbacks

    Los Angeles-based High-Speed Transportation Company to Cease Operations Hyperloop One, a high-speed freight transportation company based in Los Angeles, is facing imminent closure following its inability to secure contracts for the construction of a functional hyperloop system. Bloomberg News reported this setback on Thursday, revealing that the firm, celebrated for accomplishing the world’s first passenger…