I see so many negative comments about this, but in my opinion everything has to start somewhere. It doesn't matter how crazy and impossible it looks, it will be done eventually (and we have plenty of examples). Maybe we will not teleport in 2 seconds across the globe or this project will die, who knows if we don't try. A little bit of optimism doesn't hurt. Just saying. And for Virgin, it's not my money, if they want…
People are pointing out the glaring flaws in the Hyperloop idea, not because they can't or won't believe that crazy ideas are possible, but in reaction to the media's reaction to Elon Musk's PR. Surely I'm not the only one who wants to upchuck every time that Musk makes a claim and the media drools all over whatever he says. It even goes beyond the media itself but how the public reacts to how the media reports Musk. Otherwise smart people I've met have likened Musk to a modern day Edison, or even Tesla. Musk's companies have achieved great things, but he has more in common with Barnum than famous inventors.
Testing impossible ideas is wonderful. Musk's PR being inflated by the media, creating an audience of believer sycophants, is a different story and I really don't mind people blowing holes in the Hyperloop theory if the newsprint-spewing public isn't going to get that from technology reporters. I'd bet Hyperloop critics actually like the idea at one level or another, and hate to see such ideas looked at with pollyanna eyes.