The Boring Company Stock
The Boring Company is an infrastructure and tunnel construction company founded by Elon Musk.
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About The Boring Company Stock
The Boring Company is one of the side ventures of real life Tony Stark, Elon Musk. Musk, who co-founded Tesla and founded SpaceX, came up with the idea for The Boring Company while sitting in LA's unbearable traffic one day.
"Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging...," Musk tweeted in December 2016. He elaborated in follow-up tweets saying "I am actually going to do this" and "It shall be called 'The Boring Company'."
Just a few months later, in February 2017, The Boring Company had already begun digging a 30-foot-wide, 50-foot-long and 15-foot-deep "test trench" at SpaceX's headquarters in its quest to revolutionize the way people get around cities. At a TED Talk in April 2017, Musk estimated The Boring Company took 2–3% of his time and was a "personal hobby."
So where does The Boring Company currently stand in terms of actually building tunnels? The company's website shows five projects, with only one of them completed - the test tunnel in Hawthorne, CA. The test tunnel cost $10 million to build and "Due to unbelievably high demand, tours through the Hawthorne Test Tunnel are by invitation only."
Of the remaining four, only one is under construction. The Las Vegas Convention Center Loop in Las Vegas is being built to reduce travel time around the campus to a 1 minute ride from a 15 minute walk. The website even shows a highly optimistic plan in which the tunnel could be extended through literally the entire Las Vegas strip.
The remaining three projects are in the review and planning stages. Whether they ever begin construction is anyone's guess, however, the projects are planned for Los Angeles, Chicago and Washington, D.C. to Baltimore.
So who owns The Boring Company and who's funding it? Initially, it was a subsidiary of SpaceX, becoming a fully independent company in 2018. In its first few years, the company had been hesitant to raise outside capital, except of course through the sale of 20,000 $500 "not a flamethrower" flamethrowers.
As of December 2018, 90% of The Boring Company was owned by Musk with 6% owned by SpaceX in exchange for using SpaceX resources. During 2018, The Boring Company raised $113 million in non-outside capital, with more than 90% of it coming from Musk. This past July, the company raised outside capital for the first time, selzling $120 million in stock at a valuation of $920 million to a handful of venture capital firms.
So while it's anyone's guess what the future holds for The Boring Company, especially with Musk at the helm, one thing is almost certain - investing in it will be both polarizing and extremely entertaining, just like Tesla.
Investors
Elon Musk
Future Ventures
Funding History
| April 2018 | $113M |
|---|---|
| July 2019 | $117M |
| April 2022 | $676M |
Management
Founder
Elon Musk
Press
teslarati - Nov, 18 2023
The Boring Company opens Hyperloop Plaza to the Bastrop, TX communitytradingview - Oct, 24 2023
Musk's Boring Company shares rise over 22% in employee share sale - The Informationobserver - Oct, 7 2023
Elon Musk’s Boring Company Faces New Environmental Violations in Texasteslarati - Oct, 1 2023
The Boring Company’s recruitment event lasted way longer than plannedteslarati - Sep, 27 2023
The Boring Company Vegas Loop making progress in Riviera pit siteteslarati - Sep, 19 2023
The Boring Company to hold Engineering Demo Day in Bastropteslarati - Aug, 29 2023
The Boring Company to hold a recruiting event in Texasbusinessinsider - Jul, 20 2023
Elon Musk's The Boring Companybusinessinsider - Jul, 19 2023
Boring Company's 'flamethrower:' How Elon Musk's gadget became a collector's itemteslarati - Jul, 15 2023
The Boring Company Vegas Loop to get next station in 2024reviewjournal - Jul, 12 2023
2 Vegas Loop milestones reached by Boring Companyteslarati - Jul, 12 2023
The Boring Company’s Vegas Loop project reaches Encore and Westgateteslarati - Jul, 7 2023
The Boring Company’s Burnt Hair perfume start deliveriesteslarati - Jun, 30 2023
The Boring Company Burnt Hair perfume shipping nowteslarati - Jun, 20 2023
The Boring Company Vegas Loop expansion set in stone after another approvalteslanorth - Jun, 19 2023
Boring Company’s Vegas Loop Expansion Plans Approvedtheverge - May, 5 2023
Elon Musk’s Boring Company plan for a 69-station ‘Vegas Loop’ is anything but nicegizmodo - May, 5 2023
Boring Company Gets Approval to Expand Las Vegas Tunnels to 65-Mile Networkengadget - May, 5 2023
Elon Musk's Boring Company will now build a 65-mile tunnel network underneath Las VegasTechCrunch - May, 4 2023
Musk’s The Boring Company to expand Vegas Loop to 18 new stationsbgr - Mar, 23 2023
Elon Musk’s Boring Company wants to expand tunnel system under Las VegasTechCrunch - Mar, 21 2023
Elon Musk’s The Boring Company seeks to double the size of its Vegas Looptechlusive - Mar, 2 2023
Elon Musk likely to appoint Boring Company CEO as the new Twitter headelectrek - Jan, 13 2023
Tesla vehicles moved almost 100,000 people inside Boring Company tunnels at CESteslarati - Jan, 12 2023
The Boring Company posts impressive LVCC Loop stats from CES 2023trib - Nov, 21 2022
SpaceX facility going up across from Boring Company in Bastropbizjournals - Nov, 18 2022
The Boring Company won't tunnel in Kyle after allnextbigwhat - Oct, 13 2022
Elon Musk’s Boring Company is now selling perfume; payment in Dogecoin acceptedbenzinga - Oct, 4 2022
Elon Musk Celebrates The Boring Company Milestone With Prufrock IInews - Aug, 4 2022
These Are The Leading States For Non-Software Startupsnews - Jul, 27 2022
At Software Startups, Remote Hiring Rules. For Other Sectors, Not So Muchmashable - Jul, 9 2022
Elon Musk's Boring Company to accept Dogecoin in Vegas loopnextbigwhat - Jul, 9 2022
Dogecoin Will Be Accepted in Boring Company’s Las Vegas Loopmobilesyrup - Jul, 9 2022
Elon Musk’s Boring Company will accept Dogecoin for rides in Las Vegas loop tunnelcnn - Jul, 7 2022
Elon Musk's Boring Company will let you pay for a ride with Dogecoinnews - Jul, 7 2022
North American Startup Funding Fell Further In Q2techtimes - Jul, 2 2022
Vegas Loop: The Boring Company Reveals First Station for Publictechtimes - Jun, 25 2022
Elon Musk's The Boring Company Will Dig Tunnel Below Tesla Gigafactory in Texas - What For?TechCrunch - Jun, 24 2022
The Boring Company wants to dig a tunnel under Tesla Gigafactory Texastrib - Jun, 18 2022
Elon Musk’s Boring Company to expand underground tunnels in Las Vegastechtimes - Jun, 17 2022
The Boring Company is Expanding the Vegas Loop Tunnelstheverge - Jun, 17 2022
Boring Company receives approval for expanding its tunnels to downtown Las Vegasgovtech - Jun, 10 2022
Fort Lauderdale, Fla., Enlists Boring Company for Tunnel Studynews - Jun, 9 2022
5 Things To Know About Vy Capital, The Secretive Firm Helping Elon Musk Buy Twittertrib - Jun, 5 2022
New document shows Elon Musk's Boring Company proposing San Antonio to Austin tunnelnews - Jun, 3 2022
Tesla Will Reportedly Lay Off 10% Of Employees, Pause Hiringbizjournals - Jun, 3 2022
Musk's Boring Company angling for tunnel projects across Austin area, Bloomberg reportsnews - May, 26 2022
Elon Musk To Commit $33.5B For Twitter Acquisitionnews - May, 18 2022
Meet The 9 Newcomers To Join The Emerging Unicorn Board In Aprilnews - May, 11 2022
Meet The 35 Unicorns Who Joined The Board In Aprilnews - May, 10 2022
The Unicorn Report: A New $100 Billion Valuation Boosts The Board to $4.5 Trillionbizjournals - May, 5 2022
Boring Company gets go-ahead to begin engineering work for Kyle pedestrian tunnelnews - May, 5 2022
Andreessen Horowitz, Sequoia, Larry Ellison, Others Back Musk’s Twitter Bid With $7.1B In Supportfinance - Apr, 27 2022
After years of failure, Elon Musk’s Boring Company claims it will finally test a full-scale Hyperloop this yearnews - Apr, 27 2022
The Market Minute: Twitter Is About To Become A Very Large Private Company. How Unusual Is That Strategy?tcrn - Apr, 26 2022
Musk’s Boring Company to begin ‘full-scale’ hyperloop testing this yearTechCrunch - Apr, 25 2022
Elon Musk’s The Boring Company to take on hyperloop projectsocaltech - Apr, 25 2022
Boring Company Raises $675M, But Bails On LAbit - Apr, 22 2022
Elon Musk is hiring. The Boring Company just raised $675 million, and it’s on the hunt for talentTechCrunch - Apr, 22 2022
Elon Musk’s Boring Company raises $675M to scale Loop projectsreuters - Apr, 22 2022
Musk's Boring Company valued at $5.6 bln after latest funding roundstartuparound - Apr, 22 2022
Elon Musk’s The Boring Company Raises $675M For Infrastructure Projectssequoiacap - Apr, 22 2022
Partnering with The Boring Company: The Promise of Subspacenews - Apr, 22 2022
The Week’s 10 Biggest Funding Rounds: More Musk As The Boring Company Digs Up $675M, Upside Foods Cultivates $400M Roundcoinspeaker - Apr, 22 2022
The Boring Company Raises $675M in Funding at $5.675B Valuationbizjournals - Apr, 19 2022
The Boring Company is generating excitement in, near Austinnews - Apr, 13 2022
The Market Minute: What Does Elon Musk Want With Twitter?bizjournals - Mar, 14 2022
North Central Texas governments group has had ‘initial conversations’ with Elon Musk’s The Boring Companybenzinga - Feb, 26 2022
Elon Musk's Boring Company Submits Plans To Build Tunnel In Miamibizjournals - Feb, 25 2022
Elon Musk's Boring Company wants to build a warehouse in Bastrop just outside Austinbusinessinsider - Feb, 18 2022
Elon Musk's Boring Company has submitted a proposal for a 6.2-mile underground transit system in Miamimashable - Jan, 7 2022
Oh look, it's a Tesla traffic jam in Las Vegas' Boring Company tunnelbusinessinsider - Jan, 7 2022
See how Elon Musk's Boring Company ramped up its Las Vegas hyperloop to 70 Teslasengt - Oct, 23 2021
The Boring Company gets approval for Las Vegas public transportation systemelectrek - Oct, 23 2021
Elon Musk’s Boring Company ‘Tesla in Tunnels’ in Las Vegas to expand throughout the citypocket-lint - Oct, 22 2021
Elon Musk's Boring Company to start digging citywide Las Vegas tunnel systemnypost - Aug, 7 2021
Elon Musk’s Boring Company in talks with San Antonio, Austin for tunnel systemsun-sentinel - Jul, 17 2021
South Florida 100: Viva Cuba Libre!finance - Jul, 14 2021
Who Is Elon Musk? What Is He Known For?atxne - Jul, 10 2021
An affiliate of Elon Musk's tunneling company buys land in Bastrop Countycnet - Jul, 9 2021
The next Boring Company tunnel location? Possibly Floridanews - Jul, 8 2021
Fort Lauderdale OKs Elon Musk beach tunnel proposalslate - Jul, 8 2021
Elon Musk’s Tunnels Never Go Anywherefinance - Jul, 8 2021
Musk's Boring Company bids to build transit tunnel in Floridateslarati - Jul, 7 2021
The Boring Company’s new flagship tunneling machine arrives in Las Vegaslaunchticker - Jun, 20 2021
The Boring Company is pitching cargo tunnels to prospective customers, accordingengt - Jun, 19 2021
Elon Musk's Boring Company is reportedly pitching freight tunnelsfinance - Jun, 10 2021
The Boring Company Begins Operations at Las Vegas Loopeconomictimes - May, 29 2021
Extent of Elon Musk's influence on cryptocurrency; where is it headed?teslarati - May, 28 2021
First Look at a ride inside the Boring Company’s LVCC Loop as testing beginstheverge - May, 27 2021
The Boring Company tests its ‘Teslas in Tunnels’ system in Las Vegastrib - May, 9 2021
Elon Musk on Saturday Night Live, explainedbusinessinsider - Apr, 17 2021
Elon Musk's The Boring Company scrubbed any mention of its LA and DC tunnels from its website, leaving the future of those projects in doubtbusinessinsider - Apr, 12 2021
Watch Teslas slowly move through Elon Musk's new Boring Company tunnel under Las Vegastnw - Apr, 9 2021
Watch humans drive slowly in Elon Musk’s ‘revolutionary’ $52M tunneltrib - Mar, 15 2021
Genius? Freak? Opinions on Elon Musk Vary Widelyslashgear - Feb, 25 2021
Starlink speeds could be boosted by ongoing system upgradestrib - Feb, 13 2021
Elon Musk says he sleeps no more than six hours a night because 'sleeping less decreases total productivity' and he will normally be in meetings until 2amzpr - Feb, 5 2021
MassRoots Releases February 2021 Shareholder Updatereviewjournal - Jan, 24 2021
Nevada company sues Boring Co., claims trademark infringementForbes - Oct, 28 2019
Thomas Edison: The Elon Musk Of His Era?Forbes - Aug, 30 2019
U.S. Companies: China Unfair, But We Don't Really CareTechCrunch - Aug, 1 2019
It’s fight night in Las Vegas: Elon Musk’s Loop vs the MonorailTechCrunch - Jul, 21 2019
Team TUM wins SpaceX Hyperloop Pod Competition with record 288 mph top speedTechCrunch - Jul, 21 2019
Elon Musk says next Hyperloop competition will be in a six-mile, curved tunnelForbes - Jul, 17 2019
The Loop That Would Rocket Passengers Around Las Vegas At Great SpeedsTechCrunch - Jul, 1 2019
Elon Musk’s Boring Company is cranking up its hiring machineForbes - Jun, 9 2019
Innovation's Changing Mindset: Where Are You?New York Times - Mar, 6 2019
Tesla’s Troubles Mount: Shuttered Showrooms and Sinking SharesTechCrunch - Mar, 6 2019
Elon Musk’s Boring Company wants to move people beneath VegasTechCrunch - Nov, 28 2018
Elon Musk’s Boring Co. drops LA Westside tunnel planTechCrunch - Nov, 16 2018
The Boring Company goes brick-and-mortar with The Brick StoreFast Company - Nov, 8 2018
Breaking: Virgin Hyperloop One names former MTA head Jay Walder as CEOTechCrunch - Nov, 4 2018
Boring Tunnel is on track for an “opening party” next monthEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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