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Transportation Businesses The Almighty Buck Technology

Richard Branson's Virgin Group Invests in Super-fast Hyperloop One Transport System (cnbc.com) 60

An anonymous reader shares a report: Richard Branson's Virgin Group is investing in Hyperloop One, a company developing the super-fast transport system originally conceptualized up by Elon Musk. Hypleroop One is re-branding itself as Virgin Hyperloop One, and Branson is joining the board, the billionaire British investor and entrepreneur announced Thursday on CNBC from London. Virgin Hyperloop One will focus on a passenger and mixed-use cargo service. Last month, Hypleroop One raised $85 million in new funding, and that includes the investment from Virgin. Branson refused to breakout the numbers. Breaking ground on a commercial hyperloop in two to four years is possible if "governments move quickly," Branson said in a "Squawk Box" interview. So far, no government has approved a plan for a hyperloop system. The Virgin founder also said that building a hyperloop tube above or below ground is "cheaper" and "faster" than a traditional rail network. The idea of the transport system -- conceived in 2013 by Musk, the head of both electric automaker Tesla and SpaceX -- works by propelling pods through tubes using magnets reaching speeds akin to those of airplanes.
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Richard Branson's Virgin Group Invests in Super-fast Hyperloop One Transport System

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  • by Peetke ( 1681018 ) on Thursday October 12, 2017 @09:05AM (#55355323)
    The Dutch government has concrete plans for a test-and-validation track, near Amsterdam: https://www.rijksoverheid.nl/a... [rijksoverheid.nl]
    • by Anonymous Coward

      He loses to Scarlett Sims. The FJ answer is "What's A Wonderful Life."

    • Apparently Hyperloop is not receiving any Government funding.

      This is good news because it eliminates all manner of stupid requirements and it shows that the investors have confidence.

      Specifically, I expect they will not be required to serve some stupid Congress Representative's district even thought that would be uneconomical...ala Amtrak.

    • Jerry's High Speed Train from nowhere to nowhere, or the Hyperloop?

  • by wjcofkc ( 964165 ) on Thursday October 12, 2017 @09:22AM (#55355391)
    The extreme engineering challenges this technology needs to overcome are many. Extreme challenges cannot be understated. This has left me skeptical just due to the amount of financial backing something like this needs. But I have held that this is the type of situation where if you throw enough money at R&D it just might work out, this is of course not always true. So, the plot thickens. Time will tell.
  • So much excitement over building a maglev train in a depressurized tube, with all the difficulties that entails, and so many claims that it's going to be more cost effective to implement than traditional rail.

    I get the excitement, I don't buy the claims. Right of way issues are similar, safety issues are greater.

    If you want something revolutionary, just build an elevated half-pipe and run high-speed 3-person pods on non-standard powered rails, and add computerization for per-pod routing, dynamic formation

    • by sycodon ( 149926 )

      Since they apparently are not relying on government funding, I don't really see why you need to get your panties in a wad.

      • My post didn't take a cent of public money, so I don't really see why you needed to get your panties in a wad.

  • Atlas meh'd (Score:2, Troll)

    by Thud457 ( 234763 )
    Direct service from the real world to Galt's Gulch. But only for those who have been successfully pre-screened.
  • by sproketboy ( 608031 ) on Thursday October 12, 2017 @10:33AM (#55356009)
    • by wjcofkc ( 964165 )
      I used to like Thunderf00t. Now he seems to devote most of his time to being a wet blanket towards all new emerging technologies. While it is easy to agree with him on topics like the solar roadway, it is just as easy to call him out as an uninformed alarmist on many other topics he "exposes". Being smug used to be part of his charm, now he is just annoying.
      • *All* new technologies? No just the idiotic ones that won't work.

      • Being smug used to be part of his charm, now he is just annoying.

        Part of his charm? Really??

        Thunderf00t is, and always has been, a gaping asshole. His redeeming virtue is that he's very intelligent and does solid technical analyses.

        I take his technical assessments seriously and think they're valuable even when if I disagree with his conclusions sometimes. (But his social commentary too often borders on "unhinged", so I pay no attention to that.)

        That said, "charm" is one thing that is complete foreign to him.

  • So they next new technology will be another 'series of tubes'.

"When the only tool you have is a hammer, you tend to treat everything as if it were a nail." -- Abraham Maslow

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