minikube: Minikube start virtualbox hang on MacOS Big Sur

I am trying to start minikube on MacOS.

I have installed all needed software via homebrew.

When I type minikube start I get following error:

minikube start --driver=virtualbox
😄  minikube v1.16.0 on Darwin 11.1
✨  Using the virtualbox driver based on user configuration
💿  Downloading VM boot image ...
    > minikube-v1.16.0.iso.sha256: 65 B / 65 B [-------------] 100.00% ? p/s 0s
    > minikube-v1.16.0.iso: 212.62 MiB / 212.62 MiB [] 100.00% 26.49 MiB p/s 8s
👍  Starting control plane node minikube in cluster minikube
💾  Downloading Kubernetes v1.20.0 preload ...
    > preloaded-images-k8s-v8-v1....: 491.00 MiB / 491.00 MiB  100.00% 27.30 Mi
🔥  Creating virtualbox VM (CPUs=2, Memory=6000MB, Disk=20000MB) ...
🔥  Deleting "minikube" in virtualbox ...
🤦  StartHost failed, but will try again: creating host: create: creating: Maximum number of retries (5) exceeded
🔥  Creating virtualbox VM (CPUs=2, Memory=6000MB, Disk=20000MB) ...
😿  Failed to start virtualbox VM. Running "minikube delete" may fix it: creating host: create: creating: Maximum number of retries (5) exceeded

❌  Exiting due to GUEST_PROVISION: Failed to start host: creating host: create: creating: Maximum number of retries (5) exceeded

😿  If the above advice does not help, please let us know:
👉  https://github.com/kubernetes/minikube/issues/new/choose

I have tried to reinstall virtualbox and also tried the command minikube delete. Also tried to delete the .minikube folder also. No luck 😦 Anyone have the same issue? How can I make it run with virtualbox?

Thank you for help!