During these tests, the system clocked a lightning-fast speed of almost 387 kmh (240 mph), breaking the 355 kmh (220 mph) hyperloop speed record set by Elon Musk's hyperloop in August. The company also tested a new airlock created to transition pods between atmospheric and vacuum conditions. These two companies are based in Russian Federation and Dubai, respectively, with Virgin Hyperloop One starting off on its capital and running out, with 300 employees at risk of losing their jobs if more funding wasn't secured.
The new investment reported Monday came from Russia's Caspian Venture Capital and DP World, a large port operator in Dubai. Electricity-powered magnetic levitation lifts the pod above the track, and it can easily glide with little air resistance and using less energy, according to a press release.
Branson took the board seat in place of the startup's scandal-beleaguered co-founder Shervin Pishevar, who is now devoted full time to a PR battle, amid allegations of sexual assault.
If it comes to fruition, Hyperloop has the potential to revolutionize transportation around the world.
FIRST ALERT FORECAST: Not as cold tonight; cloudy skies through the weekend
A weak front brings down cooler air at the end of the week, dropping the high Friday back into the lower and mid 50s. Another cold front will begin to move in over northeast NM... but the drop in temperatures will be felt Thursday .
The combination of a near-vacuum tube combined with magnetic levitation is created to minimize friction.
Hyperloop may also provide a safer travel option to traditional travel by train: On Monday, an Amtrak train derailed on an overpass in Washington state, killing three people and injuring 100 more.
Branson's Virgin Galactic is developing a unique airplane-based system to launch rockets for tourist trips outside Earth's atmosphere. He was arrested on suspicion of rape earlier this year in London, but charges weren't filed.
Definers Corp. "seeks to take the bare-knuckles tactics of political races to the business world, and specifically, Silicon Valley", states the complaint, filed in the San Francisco County branch of the Superior Court of California. "Definers has not spoken to any reporters about Mr. Pishevar or any aspect of his life".