That is true. A terminals-only Hyperloop would definitely capture more of the market share than a terminals-only HSR.
I'm assuming you already acknowledge this, but successful marketing involves positioning to avoid competition and attempt monopoly on the market segment (It seems Thiel is the latest to rebrand this concept). Low-cost stops at minor intermediate cities is a competitive advantage that no airline would ever be able to compete with, as the costs of takeoff and landing are huge relative to the cost of the trip.
Major city termini > 300mi apart, however, is a huge competitive advantage for airlines. No matter how fast you get, you are always going to give up some market share to airlines on more marginal considerations like schedule flexibility, seat size/comfort, baggage limitations, etc. That is a huge and potentially very expensive rabbit hole for competition that a city-to-small-town transportation system can mostly ignore.
I'm assuming you already acknowledge this, but successful marketing involves positioning to avoid competition and attempt monopoly on the market segment (It seems Thiel is the latest to rebrand this concept). Low-cost stops at minor intermediate cities is a competitive advantage that no airline would ever be able to compete with, as the costs of takeoff and landing are huge relative to the cost of the trip.
Major city termini > 300mi apart, however, is a huge competitive advantage for airlines. No matter how fast you get, you are always going to give up some market share to airlines on more marginal considerations like schedule flexibility, seat size/comfort, baggage limitations, etc. That is a huge and potentially very expensive rabbit hole for competition that a city-to-small-town transportation system can mostly ignore.