Virgin Hyperloop One was originally founded as Hyperloop Technologies in 2014. The company designs and develops transportation infrastructure that leverages near-vacuum tubes and repelling magnets; think of pneumatic tubes, but for moving people and goods. Such systems can propel pods at over 500 mph. The company was the first to test a full-scale concept in 2017. To date, Virgin Hyperloop One has raised about $460 million from investors DP World, StraightPath Venture Partners, GE Ventures, and Khosla Ventures, among others. The company has not hinted when or if it will undertake an IPO.