Virgin Hyperloop One announced

The former US leaders traveled down to the billionaire Virgin executive's Necker Island in the British Virgin Islands shortly after Obama handed the White House over to Trump. The Obamas are

With Virgin Hyperloop One, passengers and cargo will be loaded into a pod, and accelerated gradually via electric propulsion through a low-pressure tube.

Hyperloop One is developing a system theorized by entrepreneur Elon Musk for rail transport at near-supersonic speeds, and in August announced that a test of full hyperloop system at its private facility in the desert near Las Vegas was a success, hitting record speeds.

"Ever since our creation, Virgin has been known for disruption and investing in innovative companies", said Branson.

Hyperloop One has spent the last three years floundering, and seems unlikely to materialize as a functioning consumer-facing entity any time soon.

Virgin's investment prompted rebranding of the company, which is now called 'Virgin Hyperloop One'.

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In 2013, Musk pitched an idea for entrepreneurs to create a massive vacuum tube that could one day transport someone from Los Angeles to NY in 45 minutes.

But in order to build an operational system in the short timespan Hyperloop wants to achieve, it not only has to prove the technology is capable of safely reaching the super-fast speeds Hyperloop One proclaims it can hit. "Hyperloop technology has been explicitly open-sourced and others have been encouraged to take the ideas and further develop them".

Neither has had a smooth ride, however. Brogan has since started a third Hyperloop company, Arrivo. In July, Musk - who isn't involved in Hyperloop One - revealed on Twitter that he'd received "verbal government approval" to build a hyperloop capable of ferrying passengers between NY and Washington in 29 minutes.

Musk's hyperloop involvement is for now limited to potentially building the tunnels with his latest startup - The Boring Company.

She added: "As the distance of the trials increase there will be many engineering problems to solve including that of managing track alignment. In addition, travelling at those speeds means that any fault in the system would mean everyone on board would die".

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