Saudi Arabia’s Investment in Virgin Includes Hyperloop

Saudi Arabia’s decision to invest $1 billion with an option for $480 million more into the Virgin Group involves not only its three space companies — Virgin Galactic, Virgin Orbit and The Spaceship Company — but also Virgin Hyperloop One. Vision 2030 is Saudi Arabia’s plan to modernize and diversify its economy away from oil. The kingdom plans to connect its cities and those in adjoining countries via a network of hyperloops.