Hyperloop One's Demise Marks the End of High-Speed Transportation Dream

Hyperloop One, the company that aimed to build a high-speed transportation system between Europe and China, is shutting down after facing financial troubles and failing to secure a contract to build a working hyperloop system. The company had previously laid off over 100 staff members and will now let go of its remaining employees by December 31. They are currently overseeing the sales of Hyperloop One's assets, including its machineries and test tracks.