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Virgin Hyperloop reportedly loses $1 billion investment from Saudi Arabia after Richard Branson pulls out of 'Davos in the Desert'

Business Insider Wednesday, 17 October 2018
Virgin Hyperloop reportedly loses $1 billion investment from Saudi Arabia after Richard Branson pulls out of 'Davos in the Desert'· Saudi Arabia has walked away from its $1 billion Virgin Hyperloop investment, the Financial Times reports.
· The move comes after Virgin Group chairman Richard Branson said he would suspend working with the Kingdom in the wake of Jamal Khashoggi's disappearance.
· Swaths of US executives have declined to attend the Future...
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News video: Mnuchin Drops Out of Saudi 'Davos in the Desert' Summit

▶ Mnuchin Drops Out of Saudi 'Davos in the Desert' Summit 00:58

The U.S. Treasury Secretary is just the latest high profile person to abandon plans to attend the Future Investment Initiative.

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