Elon Musk made The Boring Company for a bit of fun, now it’s worth $5.6 billion

Published on Apr 25, 2022 at 12:44 PM (UTC+4)
by Alessandro Renesis

Last updated on Apr 28, 2022 at 3:00 PM (UTC+4)
Edited by Kate Bain

Elon Musk made The Boring Company for a bit of fun, now it’s worth $5.6 billion

After sending people into space and building electric cars, Elon Musk decided to set up The Boring Company to solve one of the world’s most annoying problems: traffic.

He also used The Boring Company to sell some flamethrowers…

Well, the company has just raised $675 million in a recent funding round, and it’s now valued at a cheeky $5.67 billion.

READ MORE: Tesla boss Elon Musk buys Twitter in $44 billion deal

Musk has given hundreds of interviews since starting the company in 2016, but they hardly ever ask him about it because podcasters and journalists are usually more interested in Tesla, SpaceX and Musk’s antics.

After all, Elon himself has often said The Boring Company is a bit of a side project.

However, what started out as a glorified pastime eventually gained traction and The Boring Company has been working on a high-speed, zero-emission train that can travel underground.

And it sounds like people will start using it soon.

READ MORE: Elon Musk doesn’t own a home, says he sleeps on couches at his mates’ place

The goal is to provide a faster, more efficient alternative to underground trains, especially in cities like Las Vegas where public transport isn’t exactly popular.

In fact, speaking of Sin City, the company recently gained approval for a 29-mile tunnel network to connect 50+ stations under the city.

If all else fails, Musk can keep using the company to sell flamethrowers.

After all, he’s already done that before.

And those flamethrowers were a massive hit, even with the man himself who seemed to be having a lot of fun when he was using one at Joe Rogan’s studio.

Don’t believe us? Check out Rogan’s Instagram post of them playing with fire below.



Alessandro Renesis

Experienced content creator with a strong focus on cars and watches. Alessandro penned the first-ever post on the Supercar Blondie website and covers cars, watches, yachts, real estate and crypto. Former DriveTribe writer, fixed gear bike owner, obsessed with ducks for some reason.