It requires Xerox PARC money to keep it going, and not many companies are that interested.
Facebook was interested into doing the work for PHP.
Shopify is interested into doing the work for Ruby.
Google was interested for a moment, but then instead of spending money on Unladen Swallow, they decided to port Python code into Go instead.
NVidia is interested, but only to the point it is a JIT for CUDA workflows.
Now finally Microsoft and Facebook, seem to be willing to invest into Python, so lets see if this time how long they will care.
Interest alone doesn't make it happen, money, people and management willing to wait, make it happen.
GraalVM would never have happened, if Sun or Oracle had killed MaximeVM after almost a decade of research work.