Virgin Hyperloop Lays Off Half Its Staff, Gives Up Passenger Ambitions

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Billionaires Elon Musk and Richard Branson are battling it out for pole position in space, where no one can hear you scream. But down on Earth, their company's struggles with one nascent technology have been heard loud and clear.

Virgin Hyperloop has laid off half its staff, according to a report in the Financial Times, and the company specializing in an experimental form of transport plans to dramatically shift its focus from passenger travel to freight business.

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Source Fool.com