Hyperloop is a new mode of transportation that moves freight and people quickly, safely, on-demand and direct from origin to destination. Passengers or cargo are loaded into the Hyperloop vehicle and accelerate gradually via electric propulsion through a low-pressure tube. The vehicle floats above the track using magnetic levitation and glides at airline speeds for long distances due to low aerodynamic drag. Virgin Hyperloop One systems will be built on columns or tunneled below ground to avoid dangerous grade crossings and wildlife. It’s fully autonomous and enclosed, eliminating pilot error and weather hazards. It operates with no direct carbon emission. In addition to building hyperloop systems, the company is planning to optimize the entire end-to-end passenger experience. The company is working to build an app that allows users to plan, book, and pay for a hyperloop journey as well as other modes of transportation including public, private, and ride-shares using the application. In 2013, Elon Musk first released a research paper outlining the concept of the Hyperloop. However, Elon Musk is neither an investor nor is he affiliated with Virgin Hyperloop One.
*Based on Preferred Stock Price, Virgin Hyperloop One does not have a stock symbol since it is currently private and is yet to have an IPO.
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