Sir Richard Branson promises to build 'revolutionary' Hyperloop train service

Hyperloop Test

Sir Richard Branson promises to build 'revolutionary' Hyperloop train service

Branson appeared Thursday on CNBC's "Squawk Box" to announce his company, Virgin Group, is investing in Hyperloop One, which is developing the super-fast transport system originally dreamed up by Elon Musk.

"This is an incredibly innovative and exciting new way to move people and things at airline speeds on the ground", the entrepreneur said in a blog post, describing Hyperloop as "the world's most revolutionary train service". The terms of the deal weren't disclosed, but the investment was significant enough that Hyperloop One will now be called Virgin Hyperloop.

Feds Nab Midtown Man Who Threatened 'Las Vegas Repeat,' US Attorney Says
According to the criminal complaint that has been filed on Friday, threatening warnings were part of an extortionate scheme. Around 400 employees are working for the company, the app has been downloaded over 22 million times.

As a result, projected journey times in the United Kingdom include Edinburgh to London in 50 minutes.

Richard Branson (center) stands in front of the Hyperloop at Hyperloop One's test site in Nevada.

How Does Abbott Laboratories (ABT) Stack Up Right Now?
Washington Retail Bank has invested 0.1% in Abbott Laboratories (NYSE: ABT ). 106,458 were reported by Garrison Financial. Among 16 analysts covering The Cheesecake Factory Incorporated ( NASDAQ:CAKE ), 4 have Buy rating, 1 Sell and 11 Hold.

Importantly, Virgin Hyperloop One will be all-electric and the team is working on ensuing it is a responsible and sustainable form of transport too.

Resembling a latter-day Johann Sebastian Bach lost in Margaritaville, Branson has chose to add high-speed tubes to his portfolio of transit companies already in the Virgin Group, which includes two regular-speed train divisions, Virgin Atlantic (planes), and Virgin Galactic (commercial space flight, eventually).

Uber facing at least five criminal investigations from US Justice Department
Officials are now investigating whether Uber violated price-transparency laws, according to the report. Another story was rushing out in the media about the rape of an Indian woman by a driver of Uber.

One of Hyperloop One's co-founders, head of engineering Josh Giegel, previously worked for Branson at his Virgin Galactic space venture.

Últimas notícias