Beardy Branson chucks cash at His Muskiness' Hyperloop

www.theregister.co.uk | 10/13/2017 | Staff
tiazanne (Posted by) Level 3
Click For Photo: https://regmedia.co.uk/2016/09/22/richard_branson.jpg?x=1200&y=794

Richard Branson, the billionaire behind the Virgin brand, has reportedly invested an undisclosed sum in Elon Musk’s barmy Hyperloop supersonic tube train project.

Beardy gets to join the Hyperfruitloop board, according to the Beeb, and the firm will also add its ubiquitous Virgin moniker to Musk’s firm’s name, meaning it will now be known as Virgin Hyperloop One.

Rebrand - Ascension - Branson - Board - Sum

The rebrand and ascension of Branson to the board suggests that a large sum has made its way from billionaire Beardy into Hyperloop’s coffers, though terms of the deal were not revealed.

“Ever since our creation, Virgin has been known for disruption and investing in innovative companies,” burbled Beardy’s PR flunkies. “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.”

Hyperloop - Tube - Train - Idea - Levitation

Hyperloop is a supersonic tube train. The idea is that magnetic levitation suspends the carriages above the tracks and propels them between stations. Enclosing the system inside a tube apparently means it could, according to press releases, do the journey between London and Edinburgh within 50 minutes. Britain’s existing railway network, originally laid out by...
(Excerpt) Read more at: www.theregister.co.uk
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