Virgin Hyperloop, the company behind the long-gestating vacuum train concept, has released a concept video showing the most detailed presentation yet of what the high-speed transit system might actually look like.
The two and a half minute video shows slick 3D renderings populated with photorealistic passengers of what the Hyperloop's stations and train cars might look like.
"I think one of the things that was really paramount to me was to acknowledge that designing the first new mode of transportation in over a hundred years is a huge opportunity, but it's also a huge responsibility," Sara Luchian, director of passenger experience at Virgin Hyperloop, told Cheddar.
She explained that the video was crafted to shift public perception away from the "cold, grey, grim, dystopian" imagery that Virgin Hyperloop has presented in the past and "embrace a much warmer, friendlier, more welcoming, and human-centric vision of transportation that is yet to come but just years away."
The concept video shows passengers boarding individual "tubes" featuring arrival times displayed digitally on the backs of seats, automatic phone-charging panels, and a bird's-eye view of elevated tracks spanning coastlines, mountain ranges, and urban centers. Notably, there's a shot of a highly-visible speedometer showing the tube reaching 670 miles per hour.
As for when the Hyperloop will start shuttling actual passengers, Luchian said much depends on when it can secure regulatory approvals and partnerships, but the goal is the end of the decade.
"One of my favorite things about this job is being able to tell people it's coming in years, not decades," she said.
In the meantime, Virgin Hyperloop has announced the establishment of its Hyperloop Certification Center in West Virginia, where it plans to build a six-mile tube for testing and safety certification. The company is aiming for full regulatory approval within the next five years.
Where the first completed systems will be built is still up in the air, but Luchian said there is interest all over the world.
One factor that will inform the system's roll-out is making sure the Hyperloop is a "mass transportation" system, she added. "It's not meant to be a solution for, you know, petulant billionaires trying to go from one chalet to their mansion."
As a result, Hyperloop will seek investment from both private and public sources, with an eye toward making the system affordable wherever it ends up being built.
"More than anything, we need this to be first safe but of course affordable, and that accessibility is one of the most important things," Luchian said.
U.S. markets opened sharply lower on Friday on hotter-than-expected inflation data. The May CPI showed an 8.6% jump in consumer prices year-over-year, higher the expected 8.3%. Mark Howard, Senior Multi-Asset Specialist at BNP Paribas joined Cheddar's Opening Bell to discuss.
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Residents often have to wait on federal assistance after a disaster, but one group has a solution: hiring community members to help clean up and improve their neighborhoods. Resilience Force tackles two problems at once by creating jobs in response to growing climate-related disasters. LaTanja Silvester, director of New Orleans programming for Resilience Force, joins Closing Bell to discuss how the organization creates jobs in communities that need help and higher employment, the importance of creating a "green" workforce, and more.
Benefits brokerage, Nava Benefits, raised $40 million in a Series B round. Nava says it's on a mission to fix healthcare, one benefits plan at a time. The startup is working to bring benefits to small business that are normally available to only Fortune 500 companies. Brandon Weber, Co-Founder and CEO of Nava Benefits, joined Cheddar News' Closing Bell to discuss.
Yung Lim, CEO and Fixed Income Strategist at FolioBeyond, joined Closing Bell to discuss the May CPI report, as inflation is still red-hot going into a key decision from the Federal Reserve about interest rates.
Auction house Christie's will be presenting "Legacy of the GOAT," which will include a rare Michael Jordan signed rookie card and sneakers. Caitlin Donovan, the vice president of Christie's handbags and accessories department. joined Cheddar News to discuss the special memorabilia selection for the NBA great. "He's been a global phenomenon, so he's really shaped '90s culture and streetwear culture," she said. "And we see bidders from every pocket in the world."
Fuel and oil prices have risen almost 17 percent since May, making the national gas prices reach nearly $5 a gallon. Andrew Lipow from consulting firm Lipow Oil Associates joined Cheddar News to discuss the future of gas prices. "The biggest issue on the oil market is really events that are beyond our control, which is what is happening over in Europe," he said, regarding the ongoing Russia Ukraine war. Lipow also said he predicted gas prices to hit $5.05 and that he's focused on the Biden administration's overtures in repairing a relationship with Saudi Arabia.
Target made some headlines this week as the retailer slashed its prices due to excess inventory. Cheddar News anchors Kristen Scholer and Ken Buffa break down Target as the Stock of the Week.
The electric vehicle maker filed a proposal for a three-for-one stock split, increasing the accessibility of shares for investors for a stock trading at around $700 a share. The move comes not long after tech giant Amazon announced a 20-for-one split. The number of authorized shares rises from two billion to six billion. It was also revealed that board member Larry Ellison does not intend to stand for reelection as it pertains to Tesla.
