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Technology Stocks : New Technology

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From: FUBHO4/29/2018 5:41:18 PM
   of 372
 
Richard Branson unveils new
Dubai hyperloop venture to
move freight at 760mph
Daily Mail [UK], by Tim Stickings Original Article

Sir Richard Branson is teaming up with Dubai port operator DP world to enter the hyperloop business and move cargo at a top speed of 760mph. The cargo system, which is being designed alongside a possible passenger service by Virgin Hyperloop One, will be called the DP World Cargospeed. Sultan Ahmed bin Sulayem, the port operator´s CEO and chairman revealed the at a glitzy announcement alongside billionaire Mr Branson today on the floating hotel Queen Elizabeth 2 in Dubai. A hyperloop involves levitating pods, powered by electricity and magnetism, hurtling through low-friction pipes at a top speed of 1,220 kph
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