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Hyperloop Reaches Bullet Train Speeds, Makes Richard Branson Chairman

Dec. 20, 2017
3 min read
Phase 3 Testing
Hyperloop Reaches Bullet Train Speeds, Makes Richard Branson Chairman
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It's been an exciting week for the Hyperloop. One of the companies developing the new form of transportation, based on capsules running in a vacuum at almost the speed of sound, has made two announcements, and beat a record.

On Wednesday, Virgin Hyperloop One announced that it successfully conducted a third test of its pod, reaching a new top speed of 240 mph, a 48 mph increase over its previous record of 192mph.

And yes, you read that right, it's now the Virgin Hyperloop One. In October the company rebranded itself with the Virgin tag and this Monday it was made official — Richard Branson, billionaire CEO of the Virgin Group, was appointed Chairman of Virgin Hyperloop One. Branson replaced Shervin Pishevar, who went on a leave of absence after being accused of sexual harassment (a charge Pishevar denies.) Although Branson's position is "non-executive," said the company, he helped Hyperloop One secure an additional $50 million in investments.

Branson's experience in transportation includes starting or helping launch three successful airlines (Virgin Atlantic, Virgin Australia and Virgin America); Virgin Rail group, which operates trains in the UK; and Virgin Galactic, which plans on bringing travelers to outer space — so helping guide a hyperloop company seems like a natural fit for him.

The speed test is a significant step because the pod is starting to reach speeds faster than many bullet trains around the world like the TGV in France or the Shinkansen in Japan, which operate with a maximum speed of 200mph in commercial service, although they have been much faster in trials.

The company shared a video showing the pod whizzing by in a test tunnel.

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And those tunnels are the reason for the new speed record. In a press release the company said that it "tested a new airlock which helps transition test pods between atmospheric and vacuum conditions." Without air resistance, the pods can reach extremely high speeds.

"The tests were conducted in a tube depressurized down to the equivalent air pressure experienced at 200,000 feet above sea level," added the company.

Virgin beat out Elon Musk's own pod, which reached speeds 220mph in August. Musk created the idea of the Hyperloop when he released a white paper in 2013 on the subject, proposing that the Hyperloop could reach speeds of 700 mph and opening the concept up to others for developing.

Virgin Hyperloop One said it would need its test track, which is currently .31 miles long, to be extended at least another 1.2 miles to reach those near speed-of-sound velocities.

H/T: The Verge

Featured image courtesy of Virgin Hyperloop One.

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4XEarn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
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  • Annual Fee

    $325
  • Recommended Credit

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Why We Chose It

There’s a lot to love about the Amex Gold. It’s a fan favorite thanks to its fantastic bonus-earning rates at restaurants worldwide and at U.S. supermarkets. If you’re hitting the skies soon, you’ll also earn bonus Membership Rewards points on travel. Paired with up to $120 in Uber Cash annually (for U.S. Uber rides or Uber Eats orders, card must be added to Uber app and you can redeem with any Amex card), up to $120 in annual dining statement credits to be used with eligible partners, an up to $84 Dunkin’ credit each year at U.S. Dunkin Donuts and an up to $100 Resy credit annually, there’s no reason that foodies shouldn’t add the Amex Gold to their wallet. These benefits alone are worth more than $400, which offsets the $325 annual fee on the Amex Gold card. Enrollment is required for select benefits. (Partner offer)

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  • 3 points per dollar spent on flights booked directly with the airline or with amextravel.com
  • Packed with credits foodies will enjoy
  • Solid welcome bonus

Cons

  • Not as useful for those living outside the U.S.
  • Some may have trouble using Uber and other dining credits
  • You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $6,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
  • Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
  • Earn 3X Membership Rewards® points per dollar spent on flights booked directly with airlines or on AmexTravel.com.
  • Earn 2X Membership Rewards® points per dollar spent on prepaid hotels and other eligible purchases booked on AmexTravel.com.
  • Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an American Express Card for your transaction. That’s up to $120 Uber Cash annually. Plus, after using your Uber Cash, use your Card to earn 4X Membership Rewards® points for Uber Eats purchases made with restaurants or U.S. supermarkets. Point caps and terms apply.
  • $84 Dunkin' Credit: With the $84 Dunkin' Credit, you can earn up to $7 in monthly statement credits after you enroll and pay with the American Express® Gold Card at U.S. Dunkin' locations. Enrollment is required to receive this benefit.
  • $100 Resy Credit: Get up to $100 in statement credits each calendar year after you pay with the American Express® Gold Card to dine at U.S. Resy restaurants or make other eligible Resy purchases. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $120 Dining Credit: Satisfy your cravings, sweet or savory, with the $120 Dining Credit. Earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, and Five Guys. Enrollment required.
  • Explore over 1,000 upscale hotels worldwide with The Hotel Collection and receive a $100 credit towards eligible charges* with every booking of two nights or more through AmexTravel.com. *Eligible charges vary by property.
  • No Foreign Transaction Fees.
  • Annual Fee is $325.
  • Terms Apply.