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The Hyperloop was always a scam
(www.disconnect.blog)
This is a most excellent place for technology news and articles.
The good reason not to try is that bullet trains have proved working perfectly in other parts of the world. Sure, they would be slower than an hypothetical hyperloop but they are a working technology that would help alleviate the transportation problem.
Why invest in a project that might lead nowhere?
I'm not anti experimentation, by any means. It's just that as the article says, the hyperloop was proposed when a bullet train was being discussed by local politicians.
Test hyperloop track was supposed to be build close to where I live, in Antequera, Andalucia, Spain. There's a railway test center built specifically for testing new rail technologies. Since it was build decades ago nothing was really tested there because bullet trains already existed and no one had any new designs since then. The trains didn't really change since 1980s. At the same time bullet trains still lose to planes on longer routes because they are simply too slow. Hyperloop was supposed to change this and offer rail technology that would compete with planes on long routes. It was supposed to be the next step in rail travel that would be able to compete with air travel. Now we know it wasn't feasible but just because it's not right for USA it doesn't mean it's not worth testing.