70-534: Hyperloop One , known as Virgin Hyperloop until November 2022, was an American transportation technology company that worked to commercialize high-speed travel utilizing the Hyperloop concept which was a variant of the vacuum train . The company was established on June 1, 2014, and reorganized and renamed on October 12, 2017. Hyperloop systems were intended to move cargo and passengers at airline speeds but at
140-623: A counterclaim against the four former employees, alleging they staged a failed coup of the company, in the process breaching agreements around fiduciary duty, non-competes, proprietary information, and non-disparagement, as well as intentional interference with contractual relations. On November 18, 2016, both parties agreed to settle the lawsuit. Terms were confidential and not disclosed. BamBrogan and other former Hyperloop One and SpaceX employees went on to found Arrivo , another Hyperloop company (defunct in 2018). Transportation engineering Transportation engineering or transport engineering
210-418: A data mining and defense technology company. Lonsdale left Palantir in 2009 and co-founded Addepar , a wealth management technology company. Lonsdale co-founded the venture capital firm Formation 8 in 2011, and another called 8VC in 2015. Lonsdale has been outspoken about politics, and is an active Republican donor and fundraiser. He founded the conservative Cicero Institute think tank, and co-founded
280-663: A company which offers cloud-based software for government budgeting, in 2012. He was chairman of the board until 2024, when the company was acquired by Cox Enterprises . He also co-founded and serves on the boards of Affinity, Anduin, Epirus, Esper, Hearth, LIT, Resilience Bio, and Swiftscale Bio. In 2011, Lonsdale, Brian Koo, and Jim Kim co-founded the San Francisco-based venture capital firm Formation 8 , which focused on investing in technology companies based in Asia. Its first fund raised almost $ 450 million, and
350-567: A competitor. In 2015, shortly after the breakup of Formation 8, Lonsdale co-founded 8VC (originally called "8 Partners" ) with 15 of the 25 employees from Formation 8. 8VC has invested in Anduril , Hyperloop One , Synthego, and UBiome . Originally based in San Francisco, Lonsdale relocated the firm's headquarters to Austin , Texas in 2020, shortly after moving there with his family. Lonsdale has also been an angel investor . He
420-401: A consensual relationship in 2012, while the class was underway, but Clougherty alleged that he had been sexually abusive throughout. In June, Stanford found that he had broken the rule prohibiting relationships between mentors and mentees, and banned him from mentoring undergraduates at the university for ten years. Clougherty later underwent negotiations with Stanford and Lonsdale. She reached
490-470: A crucial proof of concept. At the time, the renamed Hyperloop One announced it had secured partnerships with global engineering and design firms such as AECOM , SYSTRA , Arup , Deutsche Bahn , General Electric , and Bjarke Ingels . On November 10, 2016, Hyperloop One released its first system designs in collaboration with the Bjarke Ingels Group . On October 12, 2017, Hyperloop One and
560-547: A deteriorating quality of life as the primary factors in his decision. In the editorial and subsequent interviews, Lonsdale argued that the "intolerant far left" that ran California's government and were the loudest voices in Silicon Valley companies were the root cause of these problems. In 2023, Lonsdale, writer Bari Weiss , and others co-founded the University of Austin . Lonsdale and his collaborators described
630-743: A fraction of the cost. They were designed to run suspended by magnetic systems in a partially-evacuated tube. The original Hyperloop concept proposed to use a linear electric motor to accelerate and decelerate an air bearing levitated pod through a low-pressure tube. The vehicle was to glide silently at speeds up to 760 mph (1,220 km/h) with very low turbulence. The system was proposed to be entirely autonomous, quiet, direct-to-destination, and on-demand. It would have been built on elevated structures or in tunnels, free of at-grade crossings and requiring less right of way than high-speed rail or highways. Virgin Hyperloop made substantive technical changes to Elon Musk 's initial proposal and chose not to pursue
700-672: A new Test and Safety Site in Nevada. At the time, the company disclosed it had raised $ 37 million in financing to date and was completing a Series B round of $ 80m, which they closed on in May 2016. In October 2016, the firm announced that it had raised another $ 50 million, led by an investment from 8VC and DP World. The propulsion open-air test or POAT, was successfully held in North Las Vegas on May 11, 2016. The POAT sled accelerated to 134 mph (216 km/h) in 2.3 seconds, representing
770-632: A proposed corridor from BLR Airport. In 2016, the firm launched its Hyperloop One Global Challenge to find the locations for, develop, and construct the world's first hyperloop networks. In January 2017, the firm announced the 35 semifinalist routes (spread over 17 countries) and held a series of events showcasing the semifinalists, Vision for India in February, Vision for America in April and Vision for Europe in June. On September 14, 2017, Hyperloop One announced
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#1732765496375840-597: A segment of Silicon Valley into a rallying cry in the culture war ". In November 2020, Lonsdale announced that he was moving his family, 8VC, and the Cicero Institute from the Bay Area to Austin , Texas . In an opinion editorial published in The Wall Street Journal , he cited California's "bad policies [that] discourage business and innovation", worsening public safety, high taxes, and
910-426: A settlement with Stanford for an undisclosed amount, and Stanford banned Lonsdale from campus for ten years after reopening their previous investigation. Lonsdale also reportedly offered Clougherty a settlement, but she refused it after objecting to a blanket non-disclosure agreement . Lonsdale denied ever offering a settlement. In January 2015, Clougherty sued Lonsdale over the alleged sexual assault. Lonsdale denied
980-548: A stake in the company. Lonsdale co-founded Addepar , a wealth management and data analytics platform, in 2009 with Jason Mirra. The software is targeted towards financial advisers and the ultra-wealthy, and is intended to provide a clear view into complex financial portfolios, predict future risks, and help with reporting and transfers. Early investors in the company included Thiel and PayPal veteran David O. Sacks. In 2013, Lonsdale became chairman and left his role as CEO. Lonsdale and Zachary Bookman co-founded OpenGov ,
1050-597: A student-run newspaper with a predominantly libertarian and conservative editorial perspective. The Stanford Review was co-founded in 1987 by Peter Thiel , who would eventually became a mentor to Lonsdale. Lonsdale interned at the financial technology firm PayPal while at Stanford. Although he was never a founder or executive at the company, he's sometimes described as a part of the " PayPal Mafia " due to his close connections with members of that group, which includes Thiel, Max Levchin , Reid Hoffman , and David O. Sacks . He didn't know Thiel well while at PayPal, but
1120-406: A template for state legislation that includes fines of up to $ 5,000 for repeatedly violating encampment bans and language to facilitate involuntary psychiatric commitments . As of August 2024 , bills based on the template have been introduced in fifteen states and passed in eight. According to Rolling Stone , the Cicero Institute "helped transform homelessness policing from a niche fixation of
1190-413: Is among the leaders of the super PAC, and was a major fundraiser for the committee in addition to making his own $ 1 million contribution. In May 2013, Lonsdale's ex-girlfriend, Elise "Ellie" Clougherty, reported to Stanford University that Lonsdale had sexually assaulted and harassed her while she was an undergraduate, while he was her mentor in a technology entrepreneurship class. The two had begun
1260-497: Is an American entrepreneur and venture capitalist . He co-founded companies including Palantir Technologies , Addepar , and OpenGov , and co-founded and serves as the managing partner at the technology investment firm 8VC. Lonsdale began his career as an intern at PayPal , then worked as an early executive at Clarium Capital , a hedge fund run by Lonsdale's mentor, Peter Thiel . In 2004, he, Thiel, Alex Karp , Stephen Cohen , and Nathan Gettings co-founded Palantir Technologies,
1330-497: Is an active Republican political donor and fundraiser, and has been involved with the Koch network . In 2024, Lonsdale joined Douglas Leone , David O. Sacks, and other venture capitalists and tech executives in supporting Elon Musk's America PAC , a super PAC backing Donald Trump's 2024 presidential campaign . Lonsdale has been described as a friend and "political confidant" of Musk's. According to The New York Times , Lonsdale
1400-590: Is the application of technology and scientific principles to the planning, functional design, operation and management of facilities for any mode of transportation to provide for the safe, efficient, rapid, comfortable, convenient, economical, and environmentally compatible movement of people and goods transport. The planning aspects of transportation engineering relate to elements of urban planning , and involve technical forecasting decisions and political factors. Technical forecasting of passenger travel usually involves an urban transportation planning model , requiring
1470-569: The CIA via its In-Q-Tel venture fund, and many of its first customers were intelligence agencies. Since then, Palantir has sold access to its large shared databases and to its analysis and prediction software to government agencies, militaries, police departments, financial firms, healthcare and pharmaceutical companies, and others. Lonsdale made much of his fortune at Palantir, which was valued at $ 1 billion by 2010. Lonsdale left Palantir in 2009, though he continued to hold an advisory role and
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#17327654963751540-519: The LG and LS chaebols in South Korea. Those concerns were shared by Koo's father, John, whose LS Group had promised $ 50 million in early investment to Formation 8, and who chaired Formation 8's strategic advisory board. Lonsdale had grown concerned about Koo's investments in Asia, including his failed attempt to create a Korean presence for Wish that was ultimately viewed by Wish's CEO to be
1610-642: The Los Angeles – San Francisco notional route that Musk envisioned in his 2013 alpha-design white paper. It demonstrated a form of propulsion technology on May 11, 2016, at its test site in North Las Vegas . It completed a 500 m (1,600 ft) Development Loop (DevLoop) and on May 12, 2017, held its first full-scale test. The test combined Hyperloop components including vacuum, propulsion, levitation, sled, control systems, tube, and structures. On November 8, 2020, after more than 400 uncrewed tests,
1680-551: The State Government of Punjab , India, signed an MoU with the firm to explore a route connecting the Amritsar-Ludhiana-Chandigarh corridor. In February 2020, the firm signed a partnership agreement with Saudi Arabia to conduct a pre-feasibility study. In September 2020, Virgin Hyperloop signed a partnership agreement with Bangalore International Airport Limited to conduct a feasibility study for
1750-604: The Virgin Group announced that it developed a strategic investment partnership, resulting in Richard Branson joining the board of directors. The global strategic partnership will focus on passenger and mixed-use cargo service in addition to the creation of a new passenger division. Hyperloop One had raised $ 295 million on December 18, 2017, and subsequently was renamed Virgin Hyperloop One, and Branson became
1820-421: The "woke mind virus". The University of Austin promised "Forbidden Courses" involving topics including science, religion, race, gender politics, and conservatism, with lecturers including prominent tech founders and venture capitalists like Marc Andreessen , Antonio García Martínez , and others. The school raised $ 150 million, much of it from venture capitalists and those in the tech industry. Lonsdale
1890-491: The 10 winners; they were to be invited to work closely with the firm on viability studies to try to bring their respective loops from proposal to reality. The ten winning routes that were selected are: In July 2016, the CTO and co-founder Brogan BamBrogan left the company, later filing a lawsuit with three other former employees alleging breach of fiduciary duty and misuse of corporate resources. On July 19, 2016, Hyperloop One filed
1960-589: The Los Angeles Arts District. Forbes magazine put the firm on its February 2015 cover, landing the startup many fresh recruits and much new investor interest. In June 2015, Pishevar recruited former Cisco president Rob Lloyd as an investor and, eventually, the company's CEO. Between June 2015 and December 2015, the company continued to hire engineers and expand its downtown campus (now up to 75,000 square feet). In December 2015, Hyperloop Tech announced it would hold an open-air propulsion test at
2030-770: The Smithsonian Arts and Industries Building in late 2021. Following successful passenger testing, Virgin Hyperloop unveiled its commercial vehicle design in January 2021. Designed in collaboration with Seattle-based design firm Teague, each vehicle is planned to seat about 28 passengers but can transport thousands of passengers per hour in convoys. Hyperloop One had raised over $ 485 million as of May 2019. Its investors include Sherpa Capital , Formation 8 , 137 Ventures, DP World , Khosla Ventures , Caspian Venture Capital, Fast Digital, Western Technology Investment, Zhen Fund, GE Ventures , and SNCF . As of July 2018,
2100-779: The United Arab Emirates, Finland, Sweden, the Netherlands, Switzerland, Moscow, and the UK. On September 1, 2017, the firm signed a letter of intent with Estonia to cooperate on the Helsinki–Tallinn Tunnel . In February 2018, the Virgin Group signed an "intent agreement" with the Government of Maharashtra state of India to build a hyperloop transportation system between Mumbai and Pune . In August 2019,
2170-555: The allegations against him, and created a website containing a denial statement and excerpts of their correspondence. Lonsdale countersued Clougherty for defamation . In November 2015, Clougherty dropped her lawsuit, and Lonsdale dropped his countersuit. Stanford lifted its campus ban, with a spokesperson stating that "new evidence that came to light during litigation" had caused them to decide he had not violated campus policy. Julie Bort later wrote in Business Insider that
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2240-520: The board of directors included Richard Branson (chairman), Justin Fishner-Wolfson , Sultan Ahmed Bin Sulayem , Rob Lloyd, Josh Giegel, Bill Shor, Yuvraj Narayan, Anatoly Braverman, and Emily White as a strategic adviser. Former board members include Peter Diamandis , Jim Messina , who as of July 2018 serves as strategic adviser, former Morgan Stanley executive Jim Rosenthal, Joe Lonsdale,
2310-545: The brakes kicked in and it rolled to a stop. The XP-1 speed record was broken in August 2017 by WARR Hyperloop during the second Hyperloop Pod Competition with the top speeds of 324 kilometres per hour (201 mph); however, the pods in the competition were too small to carry passengers. XP-1 set the world's speed record again during the test in December 2017, reaching 387 kilometres per hour (240 mph). With that test,
2380-490: The chairman of the board of directors. As of May 2019, the company had raised $ 400 million. In June 2020, the firm rebranded to Virgin Hyperloop, changing their logo and launching a new website. In October 2020, West Virginia governor Jim Justice announced that Virgin Hyperloop would be constructing a certification facility on land in Tucker and Grant Counties. About 800 acres owned by Western Pocahontas near Mount Storm
2450-717: The co-founder Shervin Pishevar , who took a leave of absence from Hyperloop One in December 2017 after multiple women accused him of sexual misconduct, and Ziyavudin Magomedov , a Russian billionaire who was arrested on embezzlement charges in 2018. On November 8, 2018, Sultan Ahmed bin Sulayem succeeded Richard Branson as chairman. In February 2021, co-founder Josh Giegel was named CEO, before being replaced by CFO Raja Narayanan in October 2021. The firm announced an intent to accelerate scheduled fielding of production systems from
2520-429: The company also demonstrated its airlock technology that allowed the pod to be transferred into the depressurized tube. With this system, XP-1 pod can be put in an airlock which takes a few minutes to depressurize before entering the already depressurized tube. Otherwise, the pod would need to enter the tube and wait for the 4-hour depressurization of the entire test tube. In 2018, WARR Hyperloop broke XP-1 record again in
2590-605: The company successfully conducted the first full-system test using the levitating chassis without passenger pod on May 12, 2017. On July 12, 2017, the company revealed images of its first generation pod prototype to be used at the DevLoop test site in Nevada to test aerodynamics. The system-wide test integrated Hyperloop components including vacuum, propulsion, levitation, sled, control systems, tube, and structures. The company designed and built its first generation full-scale test pod name XP-1 (short for experimental pod one) to be used in
2660-575: The design, construction, and operation of railroads and mass transit systems that use a fixed guideway (such as light rail or monorails ). Typical tasks include: Railway engineers work to build a cleaner and safer transportation network by reinvesting and revitalizing the rail system to meet future demands. In the United States, railway engineers work with elected officials in Washington, D.C., on rail transportation issues to make sure that
2730-634: The early 2030s to the mid-2020s, and that the planned initial project would transport freight between the cities of Dubai and Abu-Dhabi in the United Arab Emirates. In June 2016 the company announced a memorandum of understanding with the Summa Group and the Russian government to construct a hyperloop in Moscow and has since completed feasibility studies in Moscow and in the Far East. In August 2016,
2800-772: The engineer create business models to complete accurate forecasts of the future conditions of the system. Operations and management involve traffic engineering , so that vehicles move smoothly on the road or track. Older techniques include signs , signals , markings , and tolling . Newer technologies involve intelligent transportation systems , including advanced traveler information systems (such as variable message signs ), advanced traffic control systems (such as ramp meters ), and vehicle infrastructure integration . Human factors are an aspect of transportation engineering, particularly concerning driver-vehicle interface and user interface of road signs, signals, and markings. Engineers in this specialization: Railway engineers handle
2870-450: The estimation of trip generation , trip distribution , mode choice , and route assignment . More sophisticated forecasting can include other aspects of traveler decisions, including auto ownership, trip chaining (the decision to link individual trips together in a tour) and the choice of residential or business location (known as land use forecasting ). Passenger trips are the focus of transportation engineering because they often represent
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2940-590: The facility has), determining the materials and thickness used in pavement designing the geometry (vertical and horizontal alignment) of the roadway (or track). Before any planning occurs an engineer must take what is known as an inventory of the area or, if it is appropriate, the previous system in place. This inventory or database must include information on population, land use, economic activity, transportation facilities and services, travel patterns and volumes, laws and ordinances, regional financial resources, and community values and expectations. These inventories help
3010-550: The firm announced a deal with the world's third largest ports operator, DP World, to develop a cargo offloader system at Jebel Ali in Dubai. On November 8, 2016, the firm announced it had signed a deal with Dubai's Roads and Transport Authority (RTA) to conduct feasibility studies on potential passenger and cargo hyperloop routes in the United Arab Emirates . By April 2017, the firm had feasibility studies underway in
3080-459: The firm conducted the first human trial at a speed of 172 km/h (107 mph) at its test site in Las Vegas, Nevada. However, in February 2022, the company abandoned plans for human rated travel and instead focused on freight, firing more than 100 employees amounting to half its total workforce. In November of that year the company decided to rebrand, reverting to the name, Hyperloop One. It
3150-400: The firm conducted the first human trial with Josh Giegel, its co-founder and CTO, and Sara Luchian, Director of Passenger Experience, as the first passengers at a speed of 172 km/h (107 mph) at its DevLoop test site in Las Vegas, Nevada. The test was conducted in a near-vacuum environment of 100 Pascals. In March 2021, Virgin Hyperloop announced that the vehicle would be on display at
3220-465: The firm was described by Fortune as "the hottest new VC firm since Andreessen Horowitz ". The company went on to raise a second, $ 500 million fund in December 2014. Formation 8's portfolio included Color Genomics , Oculus VR , Oscar Health , Plated , RelateIQ , Wish , and Yello Mobile . Formation 8 abruptly shut down in November 2015, citing differences in investment styles between
3290-559: The first board members, including David O. Sacks , Jim Messina , and Joe Lonsdale . Pishevar also recruited a cofounder, former SpaceX engineer Brogan Bambrogan. The firm set up shop in Bambrogan's garage in Los Angeles in November 2014. By January 2015, the firm had raised $ 9 million in venture capital from Pishevar's Sherpa Capital and investors such as Formation 8 and Zhen Fund , and was able to move into its current campus in
3360-409: The founders. Later reporting attributed the closure to interpersonal conflicts between Lonsdale and Koo, stemming from the public sexual assault allegation and lawsuit against Lonsdale, and a failed investment by Koo. Koo was angered that Lonsdale had not told him about the sexual assault allegations until the lawsuit, and was concerned about their impact on the reputation of his family, which controls
3430-421: The full-scale pod tests. XP-1 has the length of 8.7 metres (29 ft), the width of 2.4 metres (7.9 ft), and the height of 2.4 metres (7.9 ft). The pod's motor was evolved from 500 motors that were built and tested in order to operate with resiliency in near-vacuum environment. The pod was successfully tested for the first time on July 29, 2017, with the 300 metres (980 ft) of acceleration to reach
3500-640: The government deemed hyperloop a public infrastructure project and approved the Virgin Hyperloop-DP World Consortium as the Original Project Proponent (OPP), recognizing hyperloop technology alongside other more traditional forms of mass transit . The Principal Scientific Adviser to the Government of India , K. VijayRaghavan , set up a Consultative Group on Future of Transportation (CGFT) to explore
3570-431: The impacts and demands of aircraft in their design of airport facilities. These engineers must use the analysis of predominant wind direction to determine runway orientation, determine the size of runway border and safety areas, different wing tip to wing tip clearances for all gates and must designate the clear zones in the entire port. The Civil Engineering Department, consisting of Civil and Structural Engineers, undertakes
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#17327654963753640-570: The internship helped Lonsdale get a job as an early executive at another of Thiel's companies, the hedge fund Clarium Capital . In 2004, Lonsdale began working on a prototype for the data mining and defense technology company Palantir Technologies , which he cofounded along with Thiel, Alex Karp , Stephen Cohen , and Nathan Gettings. The company aimed to apply the types of big data and data analytics techniques used for fraud detection at PayPal to national security, military, and law enforcement problems. Palantir received early investment from
3710-492: The peak of demand on any transportation system. A review of descriptions of the scope of various committees indicates that while facility planning and design continue to be the core of the transportation engineering field, such areas as operations planning, logistics, network analysis, financing, and policy analysis are also important, particularly to those working in highway and urban transportation. The National Council of Examiners for Engineering and Surveying (NCEES) list online
3780-650: The politics as it was about being contrarian. Hopefully, I'm slightly more mature now, but I've always relished standing out from the crowd, standing up and disagreeing with everyone. If I had grown up in Arkansas, I would have joined up with the left-wing club." In 2021, The Guardian described Lonsdale as "a regular critic of ' woke ' politics". Lonsdale founded the Cicero Institute conservative think tank in 2016, and he runs it along with his wife, Tayler. The group has pushed for criminalizing homelessness and rejecting Housing First policies. The group publishes
3850-456: The private University of Austin . Lonsdale grew up in Fremont, California , with two brothers. His father was Irish Catholic , and he was raised Jewish by his mother. He has described his family as "very, very competitive". Lonsdale graduated from Stanford University in 2004 with a degree in computer science . From 2002–2003, he served as editor-in-chief of The Stanford Review ,
3920-402: The rail system meets the country's transportation needs. Railroad engineers can also move into the specialized field of train dispatching which focuses on train movement control. Port and harbor engineers handle the design, construction, and operation of ports, harbors, canals, and other maritime facilities. Airport engineers design and construct airports. Airport engineers must account for
3990-427: The recorded speeds of 310 kilometres per hour (190 mph). The pod achieved 3,151 horsepower during the test inside the depressurized tube with conditions similar to the atmosphere at 200,000 feet (61 km) above sea level. On August 2, 2017, Hyperloop One successfully tested its XP-1 passenger pod, reaching speeds of up to 192 mph (309 km/h). It traveled for just over 980 ft (300 m) before
4060-481: The regulatory path for hyperloop. On July 19, 2018, an Ohio regional planning commission was investigating using hyperloop between airports and potentially between Chicago , Columbus , and Pittsburgh ; in May 2020 the commission released the results of their Midwest Connect feasibility study, which found that the route would create $ 300 billion in overall economic benefits and reduce CO 2 emission by 2.4 million tons. In July 2018, Texas officials announced that
4130-480: The reporting on the allegations, which largely "vilified" him, had damaged his reputation. She also wrote that he had been "helped by the press" in the matter, by a longform article by Emily Bazelon for The New York Times "that depicted his ex as an emotionally fragile woman, him as an awkward bro-type, and their relationship as something that wasn't particularly good for either of them." In September 2016, Lonsdale married Tayler Cox. Tayler, like Lonsdale, edited
4200-438: The safety protocols, geometric design requirements, and signal timing. Transportation engineering, primarily involves planning, design, construction, maintenance, and operation of transportation facilities. The facilities support air, highway, railroad, pipeline, water, and even space transportation. The design aspects of transportation engineering include the sizing of transportation facilities (how many lanes or how much capacity
4270-469: The school as dedicated to freedom of thought and discussion, and criticized academia for treating faculty "like thought criminals " and suppressing open inquiry among students. When asked why he created the university, Lonsdale expressed that he felt that Ivy League universities and Stanford had been "conquered" by "radical, far-left ideologues", and that people could no longer become professors or Ph.D. students at such institutions unless they acquiesced to
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#17327654963754340-628: The state will explore hyperloop technology for a route connecting Dallas, Austin, San Antonio, and Laredo. In June 2019, the firm announced an ongoing collaboration with the Sam Fox School of Washington University in St. Louis to explore proposals for the Missouri Hyperloop . In October 2019, Missouri became the first US state to conduct a hyperloop feasibility study, exploring a route between Kansas City and St. Louis. In December 2019,
4410-461: The structural design of passenger, terminal design and cargo terminals, aircraft hangars (for parking commercial, private and government aircraft), runways and other pavements, technical buildings for installation of airport ground aids etc. for the airports in-house requirements and consultancy projects. They are even responsible for the master plan for airports they are authorized to work with. 8VC Joseph Lonsdale (born 1982 or 1983)
4480-426: The third Hyperloop Pod Competition, on a longer track. In the summer of 2019, the company took XP-1 on a roadshow to Ohio, Texas, Kansas, New York, Missouri, North Carolina, and Washington, D.C. For the company's passenger testing, they created a new vehicle, dubbed "experimental pod 2", or XP-2. The vehicle was designed by Bjarke Ingels Group and Kilo Design. On November 8, 2020, after more than 400 uncrewed tests,
4550-639: Was announced on December 21, 2023 that the company will cease operations on December 31, 2023 due to a number of factors including financial challenges, high interest rates, initial backing and support, as well as to its failure to secure any contracts for building a working hyperloop system; it began selling its assets and laying off remaining employees. According to The Verge, all of its intellectual property would shift to its majority stakeholder, major Dubai port operator DP World . The idea of trains in vacuum has been elaborated many times in history of science and science-fiction. The concept of Hyperloop transportation
4620-503: Was considering open-sourcing the concept because he was too busy running SpaceX and Tesla. Pishevar pushed Musk to publish his ideas about the hyperloop, so that Pishevar could study them. On August 12, 2013, Musk released the Hyperloop Alpha white paper, generating widespread attention and enthusiasm. In the months that followed Pishevar incorporated Hyperloop Technologies, which would later be renamed Hyperloop One, and recruited
4690-643: Was donated to the West Virginia University Foundation, and cooperation was expected from WVU, Marshall University , and the West Virginia Community and Technical College System . In February 2022, the Financial Times reported that the company laid off more than 100 employees, with the move allowing it to focus on cargo transport instead of passenger travel. In December 2022, a second round of layoffs
4760-520: Was first introduced by Robert H. Goddard in 1904. The recent plans for a version of vacuum train called Hyperloop emerged from a conversation between Elon Musk and Iranian-American Silicon Valley investor Shervin Pishevar when they were flying together to Cuba on a humanitarian mission in January 2012. Pishevar asked Musk to elaborate on his hyperloop idea, which the industrialist had been mulling over for some time. Pishevar suggested using it for cargo, an idea Musk hadn't considered, but he did say he
4830-574: Was included in Forbes' " 30 Under 30" list in 2012, "Richest Entrepreneurs Under 40" in 2016, and " Midas List " in 2021 (later dropping off the list in 2022). Lonsdale was described as "lean[ing] right " and a "politically conservative contrarian " in Business Insider in 2017. At Stanford, he joined other right- and libertarian-leaning students at the Stanford Review . Speaking later about this decision, he said: "It's not as much about
4900-573: Was reported, focused on the firm's downtown Los Angeles staff and Las Vegas operational team. While Hyperloop One focuses on freight, competitors continue to focus on a mix of freight and passenger travel. The change in focus put construction of the West Virginia facility in question, until the company admitted in March 2023 that it had been cancelled. After Hyperloop One began the construction of 500-metre (1,600 ft) DevLoop in October 2016,
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