
The startup was apparently being torn apart by mismanagement and growing tensions between leaders, according to the lawsuit filed in Los Angeles Superior Court on July 12.
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A study of a full-scale system connecting the two capitals would save three hours compared to flying or an overnight ferry. The value of time saved by the network is estimated to be $355 million per year.
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The $8 billion, 185-mile, dual-track system with no grade crossings between Las Vegas and Victorville, would run roughly along the Interstate 15 right-of-way.
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The pod utilizes a passive magnetic levitation system that incorporates two arrays of 20 neodymium magnets, according to MIT Hyperloop's website.
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Additionally, Hyperloop One announced that the company is participating in privately funded feasibility studies to examine the economic and social benefits of Hyperloop routes in Finland and Sweden.
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Beating out a field of more than 100 other teams from around the world, the group of MIT graduate students won the best overall design award for a vehicle, or pod, that will ride inside the Hyperloop, a system of tubes connecting major cities.
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The on-site preparation includes a geotechnical investigation to determine the placement of pylons which support the tube. Soil samples will be taken by boring into the earth.
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The Hyperloop concept, developed by entrepreneur Elon Musk, is a mass-transportation system that can transport passengers between San Fransisco and Los Angeles in less than 40 minutes. Passengers would ride in aluminum pods in sealed tubes, traveling at speeds of up to 800 mph.
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CEO Alhorn, who says that he took inspiration for his pricing strategy from video games that use a freemium model, wants "to make [Hyperloop] something you use every single day many times."
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The Quay Valley, Calif. Hyperloop track will be built using HTT’s tube, capsule and station models. It will be instrumental in optimizing passenger system needs — such as loading, departure and safety considerations — to ensure Hyperloop is ready for larger-scale operation.
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