- The Boring Company claims that its technology could become capable of shuttling passengers at 150 miles per hour in future.
- The Boring Company has secured a contract for a 29-mile tunnel network to connect over 50 stations under Las Vegas.
- On Wednesday, April 20, The Boring Company said US$ 675 million in a funding round at a valuation of approximately US$ 5.7 billion.
Over the past two days, it appears that potential investors have been looking for the stock of Elon Musk-owned The Boring Company. Established in 2016 by the Tesla founder, The Boring Company is an infrastructure and tunnel construction services company.
The Texas-based company has reportedly completed two tunnels for loop travel in Las Vegas, and as Elon Musk is a social media influencer, any updates around him or his companies garner enormous attention from the people.