A trial of the system f took place with two company employees in 2020 – the first successful passenger ride using hyperloop technology. The pod reached a top speed of 107mph (172km/h) on the 500m test run. But the company announced a change in strategy in 2022, saying it would focus on transporting cargo instead of people. The company which became well known for its idea of shooting people hundreds of miles an hour through a vacuum has shut down. The aim of Hyperloop One, based on an idea by Elon Musk, was to dramatically cut journey times. The company had promised a new era of high speed travel, using magnetic levitation (maglev) technology – which is already used in some transport systems – within a vacuum tube. Is the global economy bad for business ?
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