Richard Branson bets big on Elon Musk's Hyperloop vision

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Hyperloop One has a new investor, a new board member, and a new name. Richard Branson’s Virgin Group has invested in the downtown Los Angeles startup that’s working on bringing Tesla CEO Elon Musk’s vision for a high-speed tubular transportation system to reality. Terms of the deal were not disclosed, but the figure is high enough to warrant a name change: The company will rebrand as Virgin Hyperloop One in the coming months. And Branson is joining the board to serve alongside Executive...

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