A major development has taken place regarding Elon Musk’s next-generation transportation company, Hyperloop One. Bloomberg announced that the company would close. While there has been no statement from Elon Musk yet, the company will cease operations on December 31, 2023, according to sources familiar with the matter.

The project, which has been in progress since 2014, is packaged in special tubes. at ultra-high speed It was home to trains. The project, which in the first phase was planned for freight and passenger transport, announced last year that it would focus more on freight transport. With the implementation of the project both Traffic congestion will decrease It was believed that it would also save time. However, the latest news shows that this will not happen.

It was nothing more than a test track anyway.

Although Elon Musk first mentioned this project a decade ago, not much has been done over the years. there was no progress. So far the team has not been able to build anything other than a test track. In addition, there were serious fights between investors during this period. The project, which was called Hyperloop One in the first phase, was renamed Virgin Hyperloop One in the later phases. The project, which came under the control of Dubai company DP World last year, stopped using the Virgin name. In this process half the staff He has been fired.

According to the information obtained, DP World, the owner of Hyperloop One, purchased the test tube and other materials built under the project. will put it up for sale. However, no one knows who will look for these materials and for what purpose.