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Virgin Removed It's Name From Hyperloop One

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1

Virgin Hyperloop has changed its name to reflect Elon Musk's dream of high-speed trains. 

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2

The company has quietly changed its name to Hyperloop One in the past few weeks. 

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3

This was the brand it used between 2016-17.

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Virgin Group stated that it had "decided" to work with Virgin Hyperloop's management team to eliminate the Virgin brand from its business. 

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5

This was due to "Virgin Hyperloop's change of short-term priorities," which included shifting from passenger transport to a cargo-only operation.

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It has had a turbulent year. The company laid off 111 employees in February and abandoned plans to build passenger transportation. 

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DP World, the majority owner, stated that it would use the technology to facilitate logistics and build "inland ports" that will transport cargo containers to their destination quicker than the current system.

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