Interested in investing in Hyperloop stock? Check out our breakdown of Virgin Hyperloop One and get a list of competitors to watch out for.
Virgin Hyperloop is one of the leading companies in hyperloop technology and is currently planning to build the first commercial transport system.
Once the technology is widely available, investors who got in on the ground floor could be positioned to make some serious profits.
If you’re looking for more information about buying stock for Virgin Hyperloop, keep reading!
We’re covering everything you need to know.
Hyperloop’s High-Speed Transportation System
A hyperloop is a high-speed transportation concept that aims to whisk people hundreds of miles at a speed comparable to flying.
While many companies are looking into implementing this technology, Virgin Hyperloop One stands out as a top contender.
The company was previously known as Hyperloop One, adopting the name Virgin Hyperloop One after being taken over by the Virgin Group.
Virgin Hyperloop One stands at the forefront of developing this transportation system.
If Hyperloop is successful, we could see railways that travel much faster than all other forms of ground transportation.
This would make quick transportation much more accessible to the general population.
In late 2020, the company began manned tests of the system, which signals one more step closer to fruition.
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Can You Buy Hyperloop Stock?
At this time, Hyperloop is not a publicly-traded company.
Until an initial public offering, or IPO, is announced, then its stock will be unavailable to prospective investors.
Who Owns Hyperloop?
The Virgin Group owns the Hyperloop company, hence the name Virgin Hyperloop.
Virgin Group is owned by Richard Branson.
He stepped down as chairman of Virgin Hyperloop One in 2018, so he’s not as close to the project as he used to be.
Branson is focusing more on the Virgin Galactic program, which is making moves toward revolutionizing commercial space travel.
Could Hyperloop Be Successful?
Hyperloop has the potential to succeed for the same reason that other alternative transportation methods have — they were revolutionary.
A high-speed rail would change the way that people could commute across the country.
Only time will tell, but right now, Virgin Hyperloop One has dedicated massive resources to bring this tech to life.
Few other companies have even come close to the strides Virgin Hyperloop One is making.
Should You Buy Hyperloop Stock if It Goes Public?
If Virgin Hyperloop One succeeds in bringing its vision to fruition, the company has the potential to be very profitable.
Buying this stock would allow individuals to be on the cutting edge of new transportation, an incredible investment opportunity.
Hyperloop Competitors to Invest In
While you can’t trade Virgin Hyperloop One stocks, there are some publicly traded competitors that can add transportation exposure to your portfolio.
- Tesla, Inc. (NASDAQ: TSLA)
- CSX Corporation (NASDAQ: CSX)
Tesla, Inc. (NASDAQ: TSLA)
While Tesla isn’t a direct competitor of Hyperloop, it’s close.
The company is related to The Boring Company, Elon Musk’s answer to the transportation crisis.
Tesla’s value has increased dramatically over the years, so this could be a great long-term play.
Though, keep in mind that past performance isn’t an indicator of future results.
CSX Corporation (NASDAQ: CSX)
An existing railway company, CSX has the potential to be an excellent investment choice pre-Hyperloop
It’s entirely likely that the rail transportation sector as a whole will benefit from advances in the Virgin Hyperloop.
So investing in CSX could be a great option if you want stocks in a company that already has the infrastructure and logistical systems in place to implement a hyperloop track.
Hyperloop Stock: Final Thoughts
The Hyperloop project is beginning to gain some serious traction and may have a breakthrough in the coming years.
However, the company is not publicly traded.
If there ever is a Virgin Hyperloop IPO, you may want to consider picking up some shares.
FAQs About Hyperloop Stock
Here are some of the most frequently asked questions about hyperloop stock.
How Can I Buy Stock in Hyperloop One?
Currently, you cannot buy stock in Virgin Hyperloop One.
Is Hyperloop Owned by Tesla?
While the owner of Tesla, Elon Musk, brought the idea of the hyperloop to the mainstream, neither Tesla nor Musk own Virgin Hyperloop One.
The company is a part of Richard Branson’s Virgin Group.
What Is the Virgin Hyperloop One Stock Symbol?
There is no stock symbol for Hyperloop One, and this won’t change until an IPO is scheduled or the company reserves a stock ticker.
How to Invest in the Hyperloop?
While you can’t purchase stock for Hyperloop One, you can buy stock for the company that owns it, The Virgin Group.