So, it's at least technically possible.
China is doing R&D on a partial-vacuum train (basically Musk's hyperloop thing) with a target of 1,243 mph[1]. That's probably a pipe dream, but worth mentioning nonetheless.
> The government should of [sic] bailed out Spirit instead.
I'd be okay with this if all the taxpayers were granted equal shares that their collective money could have purchased at an imputed no-bailout price.
0: L0 Series SCMaglev
1: T-Flight train