Between them, they employ hundreds of engineers and have raised millions in venture capital. They have met with world leaders, signed deals with sovereign nations and partnered with global engineering firms. Earlier this year, WIRED set about to document their progress. ... Newspapers quickly proclaimed that the hyperloop would heal regional divides. Others argued that the hyperloop would transform the economy, moving packages across continents in hours. Others were more sceptical. ... HTT now boasts more than 400 volunteers, including engineers from Nasa, SpaceX and Boeing. Unlike most startups, its employees are not paid, instead dedicating at least ten hours a week contributing to the project remotely – suggesting materials, building simulations, designing marketing materials – in exchange for stock options. ... One cost proved too high: both companies have abandoned the idea of a hyperloop from LA to San Francisco. The land is simply too expensive – and even Musk couldn’t work out a way to build stations close enough to the cities’ centres. Hyperloop One is instead exploring an LA-Vegas route, but more likely the first hyperloop will be outside America, in emerging markets, or somewhere with a long stretch of privately held land.