Hyperloop

Hyperloop One is an American transportation technology company working to commercialize high-speed Hyperloop systems for cargo transport. Originally proposed by Elon Musk, Hyperloops are designed to move cargo in levitated pods through low-pressure tubes at speeds up to 760 mph. Hyperloop One has made technical changes to Musk’s proposal and built test sites to demonstrate key technologies. After raising over $400 million by 2019, the company set a goal to launch commercial operations by 2030. In 2022, Hyperloop One strategically shifted focus to optimize its systems for efficient and sustainable freight delivery, positioning the company to revolutionize cargo transport and enable a greener global supply chain.