aerospace, Business, Companies, News, Space and Science

Virgin Hyperloop One Raises $50m and Names Branson Chair

In October, we wrote about Sir Richard Branson’s Virgin Group has invested an undisclosed amount in Hyperloop One, the frontrunner of a number of companies competing to bring Elon Musk’s futuristic vision of a magnetically-propelled high-speed transport system to life. Now, however, it is confirmed that the company got a lifeline in the form of $50m from Russian and Dubai investors. “This investment provides Virgin Hyperloop One with a very robust financial platform for 2018,” chief executive Rob Lloyd said in a statement. “Our focus in 2018 will be on accelerating commercial agreements for both passenger and cargo projects.” The Los Angeles-based start-up also named investor Richard Branson

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aerospace, Business, Companies, Entertainment, News, VR World

Richard Branson invests in Hyperloop One

Sir Richard Branson’s Virgin Group has invested an undisclosed amount in Hyperloop One, the frontrunner of a number of companies competing to bring Elon Musk’s futuristic vision of a magnetically-propelled high-speed transport system to life. Musk is credited with creating the idea of the hyperloop, a super speedy method of passenger travel that involves pressurized capsules. He also founded The Boring Company, which is setting out to build hyperloop tunnels. Hyperloop technology is based on the idea of using an electric motor to accelerate an electromagnetically levitated pod through a low-pressure tube, which could theoretically reach speeds of up to 670mph with no turbulence. The fastest recorded

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