Looks like they’re still persisting with that hyperloop thing

You remember hyperloop, right? It’s the latest go-around of the ‘vactrain’ idea that’s been around for more than a century, now with a sleek and modern makeover, big-name investors and rich reserves of start-up jargon. And good luck to them with that.

But we’re positive we’ve found the deepest seam of TechSpeak over at Hyperloop Transportation Technologies. HyperloopTT is apparently a “leading technology licensing platform for the disruptive hyperloop technology", which sounds lovely. We’re also glad to hear that “HyperloopTT’s ‘Hyperloop-as-a-Service’ business model will enable it to potentially earn both upfront and recurring licensing fees for sharing its technological IP", and wish them all the best with that. 

Whatever those words actually mean, it’s enough to secure investment from something called a Special Projects Acquisition Company, which will then result in a “definitive merger agreement that is expected to result in HyperloopTT becoming a publicly listed company". And we could not be happier for them and whatever it is they’ve actually achieved. 

Apparently, this wheeling and dealing will result in “the issuance of $289 million of common stock to the shareholders and convertible note holders of HyperloopTT at close, and the combined company will assume the outstanding options and warrants", which... y’know, cool. 

At some point, we presume, these words – as well as their attendant definitions and required actions – will produce a physical result of some description. And good luck to them with that.