Sir Richard has led an $85m (£65m) investment in Hyperloop One, a California-based company that is the first to successfully test the high-speed magnetic levitation technology.
So Hyperloop One may be the furthest along in developing the futuristic transportation network, but it still has a long way to go. As part of deal, the startup will rebrand as Virgin Hyperloop One and Branson will join the board.
Hyperloop trains work by loading passengers and cargo on to a pod which is accelerated to speeds of nearly 700mph inside a sealed low-pressure tube using electric propulsion.
The technology for Hyperloop One is now in the early stages of the commercialisation phase after the successful completion of the world's first full scale hyperloop systems test at the DevLoop site outside Las Vegas.
Trains: Hyperloop floats above the surface of the tube.
Arvind Kejriwal's blue Wagon R auto stolen
The blue WagonR often used by Chief Minister Arvind Kejriwal was stolen from outside the Secretariat here on Thursday afternoon. Currently, an AAP volunteer Vandana belonging to party's media cell was using the auto , according to DCP (Central Delhi ).
Retail inflation eases to 3.28% in September
IIP growth slowed down to 2.2% during April-August this fiscal from 5.9% in the corresponding period last fiscal. The previous high in IIP growth was recorded at 5.1 per cent in November 2016.
Richard Branson is jumping on the Hyperloop train, the transport concept which could reduce the time it takes to travel between London and Edinburgh to just 50 minutes.
"Virgin has been known for investing in and creating innovative companies over the years, and I look forward to making history together as we bring Hyperloop to the world as Virgin Hyperloop One".
In August, the Hyperloop traveled nearly the entire length of the track and reached a top speed of 192 miles per hour. "We have always been passionate about innovation in transport too, especially the development of technology that could transform people's lives", the statement reads.
Several companies have been dabbling in hyperloop technology since Elon Musk released basic plans for the transit system several years ago, but none are as close to reality as Hyperloop One.
Meanwhile, Musk is now working part-time on a similar project, called The Boring Company.
Canada still optimistic for new NAFTA deal
The proposals call for North American content, overall, to rise to 85 percent from the current 62.5 percent. Chamber of Commerce has labeled "poison pill proposals" that threaten to torpedo the talks.
Dems who opposed Iran nuke deal urge Trump to keep pact
Many Democrats believe that is more likely to happen if Congress does not act to make changes to the existing agreement. Unilateral U.S. sanctions would entail stringent provisions applying to European Union companies that deal with Iran.
Google Home Mini was eavesdropping on consumers
However, Russakovskii's and other devices "thought" the touch panel was always on, as if someone was constantly pressing it. Still, it would be best to be cautious and make sure your Home Mini isn't keeping track of everything you say 24/7.