The Boring Company is Elon Musk's most challenging futuristic venture. It's announced several projects, but hasn't completed any commercial tunnels.
Business Insider's Matthew DeBord breaks down what's going on with The Boring Company.The Boring Company is owned almost entirely by Elon Musk. I mean, he owns 90% of the company. Boring Company is kind of at the level of a hobby for him right now, I think. Although as hobbies go, it could be worth billions of dollars.
They're not necessarily doing anything particularly advanced as far as the technology here. Rapidly being able to dig tunnels that vehicles or people can move through at high speeds is an antidote to the problem of gridlocking congestion in urban areas. The Boring Company itself is working on a tunneling machine that can operate at much higher speed, and I think the idea is it might be able to operate in kind of a drone-like way or a computerized way.
You know, the only thing that really is preventing these projects from moving forward is financing, public will, some kind of civic buy-in, then government support, I mean, you need a package to make this stuff happen. And then we'll also have to look at what are the environmental effects. Sounds to me like the Vegas tunnel is the closest one to actually happening. Vegas is kind of interested in doing this.
Of the companies that he's created, the one that is gonna have the most challenges actually getting anything, well, fulfilling some of its more ambitious objectives is probably gonna be The Boring Company, ironically. If The Boring Company does grow, and they sign up some real contracts and start doing some real projects, then there might be some significant follow-on investment, and I've seen people talking about valuations of anywhere from $10 billion to $20 billion in that ballpark.
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