🚨 From LA Traffic to Trillion-Dollar Tunnels – The Boring Company’s Journey 🚨
In December 2016, Elon Musk, fed up with LA traffic, jokingly tweeted about building tunnels. Fast forward, and The Boring Company is now a serious game-changer in infrastructure innovation! 🚀
Here’s how it all unfolded:
2017: With $112.5 million raised (including $100 million from Musk himself), they even sold 20,000 flamethrowers to fund the venture!
2018: Completed their first test tunnel in Hawthorne, California, for a jaw-dropping $10M per mile, far below the traditional $1B/mile.
2019: Landed a major contract to build an underground transport system for the Las Vegas Convention Center.
2021: Raised $675M at a $5.7B valuation, finally catching Wall Street’s attention.
2023: Pivoted to utility tunnels, opening up a trillion-dollar market potential to house infrastructure like water and electricity.
Now, The Boring Company is expanding across the U.S. and in talks with cities globally, taking Musk’s vision from tweet to revolutionary reality. For those watching the crypto markets, this shift towards essential infrastructure could drive fresh insights and opportunities. 🌐✨
Stay tuned with Binance for updates on innovative ventures like these!
#Binance #ElonMusk #TheBoringCompany
