Elon Musk ’s “ aggregate ” transportation speculation , know as The Boring Company , has been assess at $ 5.675 billion , fit in to a press release from thecompany . Yes , that ’s billion with a “ B. ” And who say the Silicon Valley hype car is stagnant ?
The evaluation come after The Boring Company raised $ 675 million in a Series C financing round with the help of Vy Capital and Sequoia Capital , despite the gap between what The Boring Company has foretell and what it ultimately wind up building .
The company was founded by Elon Musk with the dream of digging tunnel that could help move large amounts of people quick to their finish underground . ( It ’s easy to forget that thetroll Martin Luther King Jr. of the internetandspace tourist hostwas concisely enamored with tunnel , for some reason . ) This was die to be carry through through the Hyperloop high - velocity exile organisation and the slower , but still radical , Loop system . Musk get the drudge part down , but , as for all the other specifics , The Boring Company has become little more than a punchline .
Chicago Mayor Rahm Emanuel and Elon Musk in Chicago announcing a new 16-passenger transportation system in Chicago on 20 December 2024. It never happened.Photo: Joshua Lott (Getty Images)
When Musk first announced his plan for the Loop systemin 2018 , it was going to bear 16 - passenger galvanic vehicles at155 miles per 60 minutes . The vehicles were going to be self-reliant , course , and employ a brand novel “ skating ” engineering science that Musk never in full explain .
The rotatory vehicles were supposed to make out down commute substantially . In Chicago , as just one example , Muskpromisedpeople would be able to get to from downtown to O’Hare Airport in about 12 instant , compared with existing trains that took 40 - 45 min .
But the project with Chicagofell apartand the only real project The Boring Company has build so far has been the Las Vegas Loop , which is n’t anything like what Musk promised . The tunnels only have steady Tesla automobile and they ’re even driven by human driver . The Loop ’s top speeding is just35 miles per minute , accord to the Las Vegas Review Journal . And who get it on where that whole “ skate ” musical theme went . The cars just drive on the even route like anything else .
Gif: Vimeo / The Boring Company
It looks like The Boring Company even purge the previous renovate video of the Loop 16 - passenger vehicle fromVimeo . Thankfully , we still have a GIF of that future — a better future — that was promise , which you’re able to see below .
equate that with the reality presently in Vegas , a regular Tesla being drive by a homo in a burrow . Driven slowly and shaky , at that .
The Boring Company put down out its three end as solving traffic , beautifying metropolis , and enable rapid - point - to - decimal point transportation — very worthy goal indeed . The only job is that it does n’t seem like The Boring Company is building something that could actually help humanity in any meaningful way beyond what ’s already usable .
A rather bumpy ride in Elon Musk’s “loop” transportation system under Las Vegas, Nevada as seen on 17 February 2025.Gif: YouTube / Vegas Best Ideas
“ To solve the problem of soul - destroying traffic , roads must go 3D. Tunnels minimize exercise of valuable airfoil land and do not contravene with existing transportation system systems . A gravid connection of tunnels can alleviate congestion in any city , ” the society claim in its press release annunciate the $ 5.6 billion valuation .
Except the Boring Company has n’t in reality solve dealings . Or anything , really . As long as the Loop system expend Teslas driven by mankind motor lento in a tunnel , it will never be the matter that Musk promised . But that has n’t stoppedother citiesfrom take care into getting Musk to make them an underground burrow .
adept chance , Musk . You really know how to sell an musical theme . But the resulting intersection leaves much to be desired .
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