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Hyperloop One, known as Virgin Hyperloop until November 2022, was an American transportation technology company that worked to commercialize high-speed travel utilizing the Hyperloop concept which was a variant of the vacuum train. The company was established on June 1, 2014, and reorganized and renamed on October 12, 2017.
Musk floated the Hyperloop idea in 2013 as a way to transport people faster than either high-speed rail or even regional air travel. People would drive into a giant tube, and then be whisked at ...
Concept art of hyperloop inner workings. Hyperloop is a proposed high-speed transportation system for both passengers and freight. [1] The concept behind the Hyperloop originated in the late 17th century with the invention of the world's first artificial vacuum, which led to designs for underground rapid transit systems powered by pneumatics in the decades that followed.
Intending to undermine legislative support for the high-speed rail project, Elon Musk proposed Hyperloop as a replacement for HSR. Musk had previously criticized the high-speed rail project as being too expensive and not technologically advanced enough. However, Hyperloop is an unproven technology for its stated purpose.
And, as Fortune has learned, another small, venture-funded and Musk-inspired startup called Hyperloop Transportation Technologies (HyperloopTT) has also come dangerously close to skidding into the ...
The above-ground Hyperloop testing tube in Hawthorne had sat idle for several years, drawing complaints about road and pedestrian access, as well as questions of its purpose. Elon Musk's Hyperloop ...
Hyperloop Transportation Technologies, also known as HyperloopTT, is an American research company formed using a crowd collaboration approach (a mix of team collaboration and crowdsourcing) [3] [4] to develop around the world [5] commercial transportation systems based on the Hyperloop concept.
Later, Branson even became chairman of Virgin Hyperloop, as it was rebranded for a time. "The reason I became chairman of this company, I found this ridiculously exciting," Branson told CNBC in 2018.