We are so fortunate that our new and existing investors share our vision of making Hyperloop the world's first new mode of transportation in over a century. We initially targeted $50 million and ended up raising $85 million instead.
The Hyperloop One Global Challenge started as a call to action for innovators, engineers, trailblazers, and dreamers around the world who shared our vision of creating a new mode of transportation. The Global Challenge became a movement of thousands of people from more than 100 countries over six continents.
For the first time in over 100 years, a new mode of transportation has been introduced. Hyperloop is real, and it's here now.
Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today. Our longer term vision is to work with Russia to implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China to Europe in a day.
In addition to our existing programs, I will recommend a new program for schools and students with a first-year authorization of $1,500 million.
If a woman is making $85,000 a year, putting aside 20% of her income, putting it in a bank, earning very little...Over the course of her life vs. investing, this can cost her $1.5 million, $2 million, $2.5 million. Life changing amounts.
Europe embraces new ideas in transportation like no other region in the world and is uniquely positioned to take the next great leap in transportation with Hyperloop One.
We've proven that our technology works and that Hyperloop One is the only company in the world that has built an operational Hyperloop system. As we move towards the commercialization of our technology, we'll continue to work with governments and embrace public-private partnerships to reimagine transportation as we know it.
The opponents of my budget propose taking $200 million out of our classrooms and instead spending it on a larger school employee pay raise. Our focus should be on making sure our children come first.
Modernizing our transportation infrastructure is a vital component of building our economy back stronger than ever, and implementing President Biden's bold vision for our transportation system will lead to the creation of new jobs, fight economic inequality, and stem the effects of climate change.
They say I'm worth either €200 million, €100 million, €50 million or €10 million, but that's something between God, the HMRC and myself.
...if we all turned down the thermostat in our house by just one degree, we would save over £650 million worth of energy and nearly nine million tonnes of carbon emissions every year. That would be the equivalent of taking three million cars off our roads...we can bring about a Green Consumer Revolution in this country to improve our lives, enrich our economy and protect our environment.
Today the two hundred million men in our country are entering into a civilized new world...but we, the two hundred million women, are still kept down in the dungeon.
Cadila, India's sixth-largest drugmaker by sales, spent $250 million developing Lipaglyn, a new chemical entity or new discovery, and aims to spend another $150 million to $200 million to launch the drug outside India.
Dubai makes perfect sense for Hyperloop One because this is the 21st century's global transport hub, and its leaders understand that Hyperloop One is ushering in the next era of transportation.
Well, I think that there's a clear record, I worked with Ronald Reagan in the early '80s and his recovery program translated into today's population of about 25 million new jobs in a seven-year period. As Speaker of the House, I worked with President Clinton and he followed with a very similar plan. And we ended up with about 11 million new jobs in a four-year period.
In D.C., I've passed amendments to allocate $6.3 million to keep our waterways open for business, $1 million as a down payment on our wetland restoration - our natural storm protection - and $5 million to ensure that drilling permits are reviewed thoroughly and efficiently.