Richard Branson is betting on the Hyperloop.
Branson’s Virgin Group has invested in Hyperloop One, the company that is attempting to build the ultra-fast transportation system championed by Elon Musk.
And it’s not just an investment. The company will now go by Virgin Hyperloop One. Branson is also joining the company’s board.
Introducing @Virgin @HyperloopOne – the world’s most revolutionary train service https://t.co/aac70ry2oF pic.twitter.com/roC5Ay8RpF
— Richard Branson (@richardbranson) October 12, 2017
Branson’s investment is part of the $85 million funding round that first became public in September. That money valued the company at around $700 million. Read more…
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