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During the pandemic, nearly all of the top executives and founders left Hyperloop One, which also shed the Virgin from its name after the company decided to eschew passenger trips in favor of cargo. Today, no full-scale hyperloops exist anywhere in the world. Musk's test tunnel in California is gone.
Mr Musk has his own firm, The Boring Company, which is researching similar technology using underground tunnels. There are also other similar companies around the world which continue to work on the concept. DP World, the Dubai-based company which owns a majority stake in Hyperloop One, has been contacted for comment.
The company is selling assets, laying off remaining employees. Hyperloop tubes during the first test of the propulsion system at the Hyperloop One Test and Safety site on May 11, 2016 in North Las Vegas, Nevada.
Semino said he expects that by the end of this decade the technology will be ready. This would mean short tracks with the hyperloop operating at full speed and transporting passengers. By the end of the next decade, hyperloop technology will have longer tracks built through continents, Semino said.

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