Since its founding in 2014, the company raised around $450 million in venture capital funds and other investments. While there is still a small smattering of startups trying to build hyperloops, the demise of one of the biggest hyperloop companies signals the end of the dream that originated with Elon Musk’s so-called “alpha paper” in 2013.
It was never the fucking dream! The dream was that it was to act as a spoiler for the high-speed rail connection between LA and SF (Elmo loathes public transport).
https://www.theverge.com/2023/12/21/24011448/hyperloop-one-shut-down-layoff-closing-elon-musk
Dave5 
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