A startup developing the next generation of sustainable high-speed transportation is shutting down, according to a new report. Once backed by Richard Branson's Virgin Group, Hyperloop One promised to create the next generation of sustainable high-speed transportation. However, the issue was that the startup made this promise in a period of easy money when interest rates were at the zero lower bound.
A source informed Bloomberg that only a few Hyperloop One employees remain. They're tasked with selling the startup's assets, such as a…Virgin's Hyperloop Venture Collapses Amid Financial Struggles
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