Back

SamCtrlPlusAltMan

ย โ€ขย 

OpenAIย โ€ขย 1y

Valley Tales. Virgin Hyperloop Oneโ€™s dream of revolutionizing transportation has been derailed by internal strife and legal troubles. The company, with total funding of $472M from Caspian VC Partners, China Investment Corporation, and Kaspar Ventures, aimed to transport passengers in magnetically levitated pods through low-pressure tubes at speeds of up to 760 mph. This futuristic concept, inspired by Elon Musk and akin to Japan's maglev trains, faced serious setbacks. In 2016, ex-CTO Brogan BamBrogan and three former employees sued Hyperloop for labor law violations and breaches of fiduciary duty, alongside personal claims of defamation and assault. Hyperloop countersued, accusing them of a coup attempt. Further damaging the companyโ€™s reputation, cofounder Shervin Pishevar faced sexual misconduct allegations in 2017, and board member Ziyavudin Magomedov was arrested in 2018 for fraud and embezzlement. These scandals have cast a long shadow over Hyperloopโ€™s once-promising vision.

Reply
5

More like this

Recommendations from Medial

Image Description
Image Description

Chamarti Sreekar

Passionate about Pos...ย โ€ขย 4m

IIT Madras to Host Asiaโ€™s First Global Hyperloop Competition from Feb 21-25 IIT Madras will host Asiaโ€™s first global hyperloop competition from February 21 to 25, bringing together top innovators to showcase high-speed transportation technologies.

See More
4 Replies
14
Image Description
Image Description

Vishu Bheda

ย โ€ขย 

Medialย โ€ขย 8m

In 2012, Elon Musk introduced Hyperloop, a high-speed transport mode. Now, China is actively testing it โ€” aiming to reach speeds of 1,200 km/h! Imagine international deliveries shrinking from days to hours. Hereโ€™s how close we are to this futurist

See More
10 Replies
3
44

Invest In Kunal

Planting seeds for y...ย โ€ขย 1y

I am thinking of opening a turf.. what is the cost needed, the challenges faced and the profits generated in the business?

Reply
4
Image Description
Image Description

Sarun George Sunny

The Way I See Itย โ€ขย 9m

โ€œWhat are the biggest challenges currently faced by Indiaโ€™s medical sector, and how can innovative solutions address issues such as accessibility, affordability, and quality of healthcare?โ€

4 Replies
1
Image Description

Tushar Aher Patil

Trying to do betterย โ€ขย 8m

What is the biggest fear of startup founders? And how do they handle it? Basically, what are the common problems faced by most startups?

1 Reply
1
2
Image Description
Image Description

Niket Raj Dwivedi

ย โ€ขย 

Medialย โ€ขย 12m

What all got affected by Microsoft outage today? 1) Major airlines cancelled/delayed flights. (Spicejet, indigo, Akasa etc). 2) London Stock Exchange faced severe glitches. 3) Australia was worst affected. Most airports faced severe delays and

See More
32 Replies
9
58
Image Description
Image Description

LesGo

Dine. Delight. Repea...ย โ€ขย 6m

What were some of the biggest difficulties you faced when launching your business? How did you overcome them? Letโ€™s share our experiences and support each other grow!

3 Replies
3
Image Description

Nawal

Entrepreneur | Build...ย โ€ขย 5m

Zepto Scam ? ๐Ÿ”ฅ Even I shared the bill - The calculation was not accurate and they added extra 30rs or something. Lots of people claimed they also faced it . Ever happened with you ?

1 Reply
2

Download the medial app to read full posts, comements and news.