Tech

Russia's Hyperloop Dream Stalls

A lawsuit claiming financial mismanagement pits Kremlin-connected investors against a Silicon Valley startup.

Still in beta.

Photographer: John Gurzinski/AFP/Getty Images

President Vladimir Putin and other Russian officials dream of a technological leap that could immediately close the gap between Russia and more advanced economies, as Sputnik did for the Soviet Union. The hyperloop, a kind of train in a tube that can reach speeds of up to 700 miles per hour, fits that dream, and a well-connected Russian businessman has invested in it -- only to see the project become embroiled in a lawsuit involving a Silicon Valley startup's founders and claims of financial mismanagement.

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