The once highly-anticipated Hyperloop One project, originally championed by Elon Musk, has officially come to an end. The company recently announced that it will be shutting down its operations, laying off employees, and looking to sell its test track and remaining machinery. This disheartening news comes after the company had hired over 200 people in 2022, only to inform the remaining employees that they would lose their jobs by the end of December.
As part of this wind-down process, the intellectual property of Hyperloop One, including its logos, slogans, and branding, will be transferred to DP World, a logistics company based in Dubai. With this, the once-promising, futuristic transport concept will cease to exist as an independent entity.
