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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.
Concept art of hyperloop inner workings. Hyperloop is a proposed high-speed transportation system for both passengers and freight. [1] The concept was published by entrepreneur Elon Musk in a 2013 white paper, where the hyperloop was described as a transportation system using capsules supported by an air-bearing surface within a low-pressure tube.
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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.
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.
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 ...
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.
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 ...