Thursday, October 25, 2018

Branson quits

British entrepreneur Richard Branson (founder of Virgin Atlantic Airlines) invested a large amount of money in Hyperloop One (H1) about a year ago and became its chairman, changing the name of the company to "Virgin Hyperloop One" (VH1).

He said, "I was very impressed and now look forward to helping turn this cutting edge engineering into a global passenger service." 

About the same time, they partnered with Saudi Arabia to build a working hyperloop, which would be the first in the world and very exciting for fans of the hyperloop concept.


All of that is now over.

Branson has quit as chairman of Virgin Hyperloop One, and has quit talks with Saudi Arabia about the possibility of their investing $1 billion in other of his businesses.

Why? Branson made his decisions "in light of the disappearance of Saudi journalist Jamal Khashoggi who was killed inside the consulate in Istanbul.."

(cont'd tomorrow)

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