Will Insane Lawsuit Threaten Hyperloop’s Future?

The suit threatens Hyperloop One because it was brought by one of the company’s founders; Brogan BamBrogan, and three top managers. BamBrogan was the company’s first CEO and chief technology officer, who resigned last month. He was also the brains behind much of the organization’s technology.

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A Hyperloop Investment that you can Make Right Now: AECOM

AECOM was hired by Musk himself to build the Hyperloop test track at his SpaceX rocket company in Hawthorne, California, The Verge reported. That track will be used to test the winning pods from Musk’s Hyperloop pod design contest.

To add icing to the cake; news reports indicate that AECOM will build the test track for Hyperloop One at the Apex Industrial Park in North Las Vegas, Nevada.

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Hyperloop Tech is Now Hyperloop One

In addition to these partners, Hyperloop One has reportedly received investment from GE Ventures; a venture capital company owned by General Electric (NYSE: GE). Hyperloop One also announced that it has received up to $80 million in venture capital funding to finance its system.

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Weather could Provide Hyperloop’s Biggest Advantage

Since the Hyperloop vehicles would operate inside a closed tube, they would be largely unaffected by outside weather conditions such as blizzards. That certainly gives Elon Musk’s creation an edge over air travel. Around 1,000 flights were cancelled at Denver International Airport on March 23, 2016 because of a massive snowstorm.

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Hyperloop Testing Begins, SpaceX Plans Contest and Test Track

Hyperloop Technologies Inc., or Hyperloop Tech, is building the first full-scale Hyperloop tube demonstration project in the parking lot of an abandoned truck garage in downtown LA’s seedy Arts District.

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