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First successful Hyperloop test module hits 100mph in four seconds

Annihilator

"$6bn and that needs government money to fund it? The second biggest technology project of the 1960s was the IBM System/360. IBM totally bet the company on it... bringing it to market cost IBM $5bn - and that IS in 1964 dollars! $35bn in today's money..."

Yes, but IBM would have been confident in there being much more than $5bn in direct benefits to IBM.

The problem with big infrastructure projects like this is that they don't usually generate benefits back to the company that builds the thing (particularly once you factor in running costs). Infrastructure projects generate economic benefits (well, they're meant to) which usually points at the government to fund.

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