Virgin Hyperloop picks West Virginia for $500 million testing facility - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Virgin Hyperloop will build a $500 million facility in West Virginia to test its futuristic transportation tech

Virgin Hyperloop will build a certification center and testing facility in West Virginia, the company announced Thursday.Virgin Hyperloop aims build a network of vacuum tubes and levitating pods that can ferry passengers at speeds north of 600 mph. Virgin Hyperloop has picked the US state of West Virginia to host a $500 million certification center and test track for billionaire Richard Branson's super high-speed travel system, the company told Reuters.

An announcement, expected on Thursday, will include a press conference with US Transportation Department Secretary Elaine Chao, Branson and US Senators from West Virginia Shelley Moore Capito, a Republican, and Joe Manchin, a Democrat. Construction is slated to begin in 2022 on the site of a former coal mine in Tucker and Grant Counties, West Virginia, with safety certification by 2025 and commercial operations by 2030, the company said.

It comes less than three months after the Transportation Department published guidance on a regulatory framework for US hyperloop systems.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

shervin It would be pretty cool if they can connect it canada to the USA

shervin We can't wait 10 years shervin!

Cheap land values?..why does America not have rapid transport links to major cities?

Virgin Hyperloop? elonmusk Tesla

West Virginia? Wow

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.K. Antitrust Body Requests Right to Investigate Proposed Merger of Virgin Media, Virgin Mobile and O2U.K. antitrust organization the Competition and Markets Authority has submitted a request to the European Commission for the proposed merger in the U.K. of broadband and mobile-phone operators Virg…
Source: Variety - 🏆 108. / 63 Read more »

Nassim Nicholas Taleb to speak at the Business Insider Global Trends Festival 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

The highest paid tech and media CFOs earned $23 million on average - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump ending stimulus talks could hurt millions of unemployed Americans, set back economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Scorched earth - DDT has list his marbles No sense in pointing out he offered more than enough but Pelosi wants to bail out BK Dem states... The cruelty is a feature, not a bug.
Source: BusinessInsider - 🏆 729. / 51 Read more »

FTSE 100 short sellers made £418 million in profits in September - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thanks for the Update
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trading strategy: Legend Richard Dennis shares secrets to millions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »