Tuesday, 25 October 2016

Hyperloop One looking to raise at least $250M more as super speed is costly

NORTH LAS VEGAS, NV - MAY 11: People look at a demostration test sled after the first test of the propulsion system at the Hyperloop One Test and Safety site on May 11, 2016 in North Las Vegas, Nevada. The company plans to create a fully operational hyperloop system by 2020. (Photo by David Becker/Getty Images) Hyperloop One, one of the more promising private companies trying to make Elon Musk’s concept of a high-speed, tube-based transit system a reality, is looking to raise as much as $250 million in an upcoming funding round, according to new documents unearthed by Forbes. The new funding round would be in addition to the $50 million just announced earlier this month. The additional funding… Read More
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