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- Futuristic transport startup Hyperloop One is shutting down, Bloomberg reported.
- The company was the most high-profile developer of hyperloops championed by Elon Musk.
- Musk previously said a hyperloop could cut travel times from LA to San Francisco to 30 minutes.
Hyperloop One, the startup that sought to build the futuristic hyperloop transit system championed by Elon Musk, is shutting down, Bloomberg reported.