Additionally, CenturyLink is a cash rich-company that had $1.693 billion in cash and short-term investments on 31 December 2019. Moreover, CenturyLink claimed to have total assets of $64.742 billion on the same day.Read more
There is a way an average person can invest in Hyperloop without putting hard-earned money into risky propositions like theRead more
BamBrogan did not say if he had hired anybody else or raised any venture capital. Arrivo is far behind Hyperloop One which had raised $50 million and was planning to raise $160 million in October. Hyperloop One has already identified potential routes and is planning a full scale test of its technology in April.
Arrivo is also lagging between Hyperloop Transportation Technologies or HTT which is planning to create a research and development center in France. News reports indicate that the crowd-sourced HTT has raised around $35 million and gotten land rights in a number of locations.Read more
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.Read more
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.Read more
The most astounding prediction in the report is that it would take 2 hours and 45 minutes for hyperloop to get you from Los Angeles to New York. If that projection were to come true the airline industry would basically be toastRead more
Fierce competition is already developing in the largely hypothetical Hyperloop industry, according to Forbes. Hyperloop Tech and HTT consider each other rivals and engage in trash talking.Read more
If it gets built, the Hyperloop could be very profitable, if railroad revenues are anything to go by: Union Pacific’s TTM revenue increased by nearly $2 billion between September 2013 and September 2014.Read more