Richard Branson invests in transportation startup Hyperloop One

Branson said that at the end of their ten-day trip in January the Obamas treated his staff to a thank you party

Branson said that at the end of their ten-day trip in January the Obamas treated his staff to a thank you party

"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".

Richard Branson's Virgin Group has invested in Hyperloop One, a Los Angeles company that is developing a super-fast transport system and soon will change its name to Virgin Hyperloop One, the companies said Thursday.

Virgin Group already has a hand in space travel through its Virgin Galactic spaceflight company, and now the group is investing in high-speed transportation.

Trudeau in Mexico for talks after tense USA trip
"So we'll see what happens with Nafta, but I've been opposed to Nafta for a long time, in terms of the fairness of Nafta". Chamber of Commerce has warned against so-called "poison pill" proposals by the U.S., including the sunset clause.

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.

In 2013, Musk pitched an idea for entrepreneurs to create a massive vacuum tube that could one day transport someone from Los Angeles to NY in 45 minutes. Last month, the company announced it had raised an additional $85 million, bringing its valuation to somewhere around $700 million, the Verge reported.

The Hyperloop concept is based on a 2013 white paper by SpaceX founder Elon Musk, where a pod made to shoot down magnetic rails in a depressurised tube.

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However, three objectors subsequently asked the fast track Commercial Court division of the High Court to review the decision. That appeal was delayed not once but twice, leading some to lose hope that the project would ever proceed.

The technology for Hyperloop One is now in the early stages of commercialisation, after the successful completion of the first full-scale hyperloop systems test. Musk initially said he would leave construction of a hyperloop to others and would simply provide support for pod design through SpaceX's competition, but after starting a tunnel boring company, he made a decision to go ahead and build a hyperloop of his own.

Hyperloop technologies have taken some exciting steps forward in recent years, as the first test tracks and pod designs are starting to come to fruition. "Virgin is an iconic brand and having Richard as an ally will help strengthen our mission to spread Hyperloop One throughout the world".

Musk's hyperloop involvement is for now limited to potentially building the tunnels with his latest startup - The Boring Company.

Kimmel: Trump threat to NBC is 'what dictators do'
When one of his contestants was aggressively feeling around his trousers , he told her "You're gonna make a fine wife". Damon added: "I'm sure I mentioned to her that I didn't know anything about the rest of her piece, because I didn't".

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