Hyperloop One

Formerly Virgin Hyperloop

The best-funded attempt to build a hyperloop.

Founded
2014
Headquarters
Los Angeles, CA
Disclosed funding
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Status
Closed in 2023
Sector
Mobility & Aviation
Latest round
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Reported valuation
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Website
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Overview

Hyperloop One set out to commercialize high-speed pod travel in low-pressure tubes and ran the first passenger test in 2020, before shutting down at the end of 2023. It was co-founded by former SpaceX engineers Brogan BamBrogan and Josh Giegel.

Funding

Raised hundreds of millions of dollars before closing; total not verified here.

Founders

Brogan BamBrogan, Co-founder & CTO
At SpaceX: Engineer, Dragon heat shield
Josh Giegel, Co-founder; later CEO
At SpaceX: Engineer

Topics

Sources

  1. Wikipedia: Hyperloop One
  2. Las Vegas Sun: Hyperloop One shutting down
  3. TechCrunch: SpaceX alumni helping build LA's ecosystem

Last verified September 30, 2026.