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Hyperloop One plans global distribution system to rival Amazon Prime
Speaking to the press at CES 2017, Hyperloop One executives laid out their vision for a new global distribution system that will revolutionize the way goods are delivered to markets worldwide. “Just think of Hyperloop as broadband for transportation,” Rob Lloyd, CEO for Hyperloop One, tells Inverse. “If you think of it as broadband for transportation you suddenly unlock a massive amount of change, and new applications. New thinking,” he added emphatically.
Semi-finalists announced
That “broadband of transportation” took a step toward reality on January 6 when Hyperloop One announced 35 semi-finalists in its Hyperloop One Global Challenge. Announced last May, the Challenge attracted entries from 2,600 teams of engineers and urban planners eager to convince the company that their’s was the perfect location for a Hyperloop demonstration project. One group proposed linking Dubai with Abu Dhabi. Another envisioned a Hyperloop link from Russia to China.
The 35 semi-finalists will present there ideas at three locations later this year — February 28 in New Delhi, April 6 in Washington, D.C., and April 27 in London. Hyperloop One will whittle the list of finalists down to about 6 finalists after those presentations are completed.
Government leaders, including transportation officials from the incoming Trump administration, will be invited to regional presentations. “Our instincts are that the work that we’re doing is going to be extremely well received when the people get into place,” Rob Lloyd says. “I think we’re going to be a very, very important part of the next three or four years in terms of the potential infrastructure that U.S. looks at.”
Feasibility studies will follow, but they are just a one step in the process. “We’re not in the business of doing studies, we’re in the business of looking for hyperloops that can be built,” Rob Lloyd says. “We want to have three routes in production in the next five years.”
Nick Earle, who oversees global field operations for Hyperloop One, tells Inverse, “This is not just about moving things and people quicker. This is [about] the business models that are disrupted — and enabled — by Hyperloop transportation.”
Autonomous cars included
There is another tie-in between Elon Musk — who originally conceived of the Hyperloop idea — and Hyperloop One’s vision. The company foresees autonomous cars — one of Musk’s highest priorities — as being able to travel inside the Hyperloop. “Autonomous cars will actually be able to go inside the Hyperloop. You actually can do door-to-door like never before,” says Nick Earle. That idea came out of a partnership between the company and Dubai’s Road and Transport Authority.
“It’s Amazon Prime on steroids,” Earle says. “You don’t have to use a fleet of airplanes, you don’t have to use warehouses outside of cities to store goods, because you have to truck them in to meet that one hour deadline that’s in the contract for Amazon Prime.”
“Kitty Hawk Moment” coming in April
A full scale test of the Hyperloop One prototype system is planned for April of this year. “It’s one thing for us to talk about building it, it’s something different for you to actually go build it,” Josh Giegel, President of Engineering for Hyperloop One, says. The demonstration will be fully open to the public.
“For us, taking this concept and actually building it, and testing it, and showing people — allowing them to see it, to touch it, to smell it if they want — is really, really important,” Giegel explains. “We’ve felt that way for a long time, that it’s one thing for us to talk about building it It’s something different for you to actually go build it.”
Tribute to Elon Musk
Hyperloop One acknowledges a debt to Elon Musk, the serial tech visionary who first envisioned the Hyperloop concept and made his thoughts public in a published white paper in 2013. “I think he’ll always have a big part of it.,” says Giegel. “We’ll forever be indebted to him for giving us kind of the idea, but we definitely changed the technology quite a bit from the original white paper.”
“It’s more than just a train, or a pod in a tube. We’re taking it to a level of connectivity and really being the high speed backbone of the future transportation network.”
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
