Richard Branson invests in transportation startup Hyperloop One

After the Obamas handed the White House over to President Donald Trump and First Lady Melania Trump Michelle reportedly said'We're free

Building a futuristic hyperloop system won't be cheap, so startup Hyperloop One's surely feeling good today, after it announced billionaire Richard Branson had made an investment in its endeavor.

Virgin Group announced Thursday that it has invested in Hyperloop One, a startup that's working on constructing the high-speed transit system Elon Musk first outlined in a white paper in 2013.

Hyperloop One is one of a handful of firms developing technologies whereby passengers and cargo would be loaded into pods that travel at high speeds through low-friction tubes above or below ground. Now Virgin CEO Richard Branson is looking to own the next leap forward in human transportation. The air-tight tubes need to be closer to true vacuum, the maglev acceleration needs to increase which will require more power, and protecting hyperloop tracks from environmental factors such as earthquakes is still a major concern.

"Ever since our creation, Virgin has been known for disruption and investing in innovative companies", said Branson.

Eventually the magnetic levitation tech could reach target speeds of over 700mph, which would reduce the journey time from London to Edinburgh down to 50 minutes.

Watch the 'sweet moment' when this Utah girl learned she's getting adopted
Tannah's joy is apparent in the video, where she leaps into Alexander's arms, kicking her legs up and down. Jackie Alexander said the moment made her day . "They're just caring, loving".

The Hyperloop technology is now in the early stages of commercialization after a successful first full-scale systems test was conducted. "From our airlines to our trains to our spaceline, we have always been passionate about innovation in transport too, especially the development of technology that could transform people's lives".

In August, the Hyperloop traveled nearly the entire length of the track and reached a top speed of 192 miles per hour.

The company adds that Virgin Hyperloop One will be an all-electric project that will operate in a manner that is responsible and sustainable, while still maintaining the latest engineering practices.

Branson said the company was working on "exciting projects" around the world but no lines have been confirmed as yet.

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