News Summary

• “I think if we can build Virgin Hyperloops in a number of different countries, connecting countries, that will bring the world much closer.”“When you’re talking about the pods going at 6, 7, 800 miles an hour, both with people and cargo, that’s tremendously exciting,” he added..
• 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..
• Last year, the venture, which never won a contract to actually build a hyperloop, decided to focus on cargo rather than passengers, and Virgin pulled its name..
• The billionaire’s Virgin Group invested in the transportation startup, which promised to zip passengers and cargo between cities at aviation speeds through tubes..
• “We’re talking about two to three years away, not many years away,” he said..
• Now the company is trying to sell various assets, and its remaining workers have been told their employment ends Dec. 31..