Virgin Hyperloop switches focus from passengers to cargo as it lays off half its staff

Leading hyperloop developer says shifting cargo is easier

they expect to see “working hyperloops around the world... by 2020.” That date was later pushed to 2021. There are currently no working hyperloops in action.A spokesperson for Virgin Hyperloop told thethat the recent cuts would allow the company “to respond in a more agile and nimble way and in a more cost-efficient manner” and that the decision to lose so many staff at once had not been “taken lightly.

Moving cargo instead of people will simplify safety and regulatory burdens, according to DP World — an Emirati, state-owned logistics group that has a 76 percent stake in Virgin Hyperloop. “It’s abundantly clear that potential customers are interested in cargo, while passenger is somewhat farther away,” DP World told the. “Focusing on pallets is easier to do — there is less risk for passengers and less of a regulatory process.

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