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Exiled Hyperloop One co-founder launches rival venture
The former co-founder of Hyperloop One has made his grand return to the world of firing people across the country in vacuum tubes. Brogan BamBrogan has announced the launch of Arrivo, a new company that'll develop technology based on Elon Musk's Hyperloop concept. It's the third such company to enter the fray, competing with Hyperloop One and Hyperloop Transportation Technologies.
Hyperloop gets a little closer to reality
One of the firms competing to turn Elon Musk's tube-based alternative to high-speed rail has taken a small step towards making it a reality. Hyperloop Transportation Technologies has signed deals with vacuum pump business Oerlikon Leybold, engineers Aecom and the architectural business Hodgetts+Fung. As with all of HTT's deals, these firms will offer their expertise in exchange for stock options in the hope that the company will become successful further down the line. The latter two won't have much to offer just yet, but the first one has already started work on the project.
