Hyperloop One
Transport techUSA
💀 Dead / Bankrupt
Peak $1.5 BillionToday
~-100%
from peak
- 🦄Became a unicorn2017
- 📈Peak valuation$1.5 Billion ’17
- 💔Became a UnitardDec 2023
- 💸Last valuation~$0
Current status
Shut down 2023; asset sale
How it happened
Hyperloop One (later Virgin Hyperloop) aimed to build ultra-fast tube-based transport, reaching a ~$1.5B valuation around 2017 backed by major investors. Despite a 2020 passenger test, it failed to secure a commercially viable route, pivoted to cargo, and shed staff. It shut down at the end of 2023, with remaining assets sold off, wiping out essentially all of its value.
Source: Canary Media