ibusinesslines.com
ibusinesslines.com October 23, 2017


Hyperloop One Is Now 'Virgin Hyperloop One' Thanks to Richard Branson's Investment

12 October 2017, 07:35 | Justin Tyler

After the Obamas handed the White House over to President Donald Trump and First Lady Melania Trump Michelle reportedly said'We're free

After the Obamas handed the White House over to President Donald Trump and First Lady Melania Trump Michelle reportedly said'We're free

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.

Virgin Galactic founder Richard Branson predicts he will travel in space before he ever becomes a passenger on a hyperloop.

Branson attended and said he saw "firsthand the exciting technology being tested".

Hyperloop trains work by loading passengers and cargo on to a pod which is accelerated to speeds of nearly 700mph inside a sealed low-pressure tube using electric propulsion.

Trains: Hyperloop floats above the surface of the tube.

"Virgin Hyperloop One are leading the way in these efforts", he continued, noting that the company is "working on exciting projects in the Middle East, Europe, India, Canada, and the U.S.".

Its tracks use magnetic levitation and the pod glides at airline speeds for long distances. In its announcement today, Virgin Hyperloop One says that it "continues to see a growing demand from governments and the private sector around the world".


"From our airlines to our trains to our spaceline, we have always been passionate about innovation in transport too, especially the development of technology that could transform people's lives", Branson said in a statement. "I was very impressed and now look forward to helping turn this cutting edge engineering into a global passenger service".

'This is just the latest example'.

There are consumers, for instance, that would love to go from London to Edinburgh in roughly 45 minutes.

Hyperloop One, the Los Angeles-based startup working on an ultrafast tube transportation system, is no more.

The hyperloop tube is 3.3 metres wide and the pod inside can accelerate from 0 to 60mph in 1.85 seconds.

Meanwhile, Musk is now working part-time on a similar project, called The Boring Company.



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