Despite a $50 million investment announced in mid-October, Hyperloop One plans to raise as much as $250 million in its next funding round early next year and is already seeking tens of millions in new financing, according to an investment document obtained by FORBES. Meanwhile, according to another company document, internal estimates of the cost of Hyperloop One projects could greatly exceed predictions from the concept’s architect: billionaire tech industrialist Elon Musk.

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