Elon Musk made The Boring Company for a bit of fun, now it's worth $5.6 billion
Published on Apr 25, 2022 at 4:44 AM (UTC-4)
by Alessandro Renesis
Last updated on Apr 28, 2022 at 7:00 AM (UTC-4)
Edited by
Alessandro Renesis
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 is an automotive journalist with 10 years of experience covering supercars, automotive history, emerging vehicle technology, and luxury transportation. He wrote the first article published on SupercarBlondie.com when the website launched in 2022 and has since built a reputation for insightful reporting across the automotive and transportation industries. His expertise is grounded in hands-on experience. Alessandro has driven every Tesla model ever produced, from the original Roadster to the Cybertruck, and regularly covers the latest developments in electric vehicles and automotive innovation. His passion for transportation extends beyond cars, he has even flown a Boeing 787 Dreamliner simulator in Addis Ababa, Ethiopia. His reporting spans everything from classic American muscle cars and rare automotive discoveries to luxury yachts, private aircraft, high-end watches, and cutting-edge vehicle technology. Known for his deep knowledge of automotive history and ability to uncover the stories behind iconic vehicles, Alessandro brings readers a blend of historical context, technical expertise, and first-hand experience.
