GoKawiilElon Musk has expanded a number of his companies within Texas, including Tesla, SpaceX, the Boring Co. and Neuralink. Tesla broke ground on a lithium refinery in Texas earlier this year with Governor Greg Abbott in attendance.
Between taking SpaceX public in the largest IPO on record and rolling out a fleet of driverless Tesla Cybercabs in Austin, Texas, Elon Musk has also been digging tunnels. His tunneling venture, The Boring Co. announced late Wednesday that it's now valued at $23 billion.
Created inside SpaceX in 2017 and spun out a year later, The Boring Co. says its aim is to "revolutionize transportation" by creating underground loops with stations where passengers can board and exit.
While Boring Co. has announced about a dozen city projects, its only loop for public use today is in Las Vegas, where passengers can travel in Tesla vehicles between the downtown convention center and various casino resorts via its Las Vegas Convention Center (LVCC) Loop.
In July of last year, Boring Co. also reached a deal to build 20 miles of tunnels in Nashville, Tennessee, a project dubbed the Music City Loop, to carry paying passengers between downtown and the airport in Tesla vehicles.
The fast-tracked project sparked a partisan feud, and a survey by Vanderbilt University in March found that most Nashville residents didn't want the tunnels in their city. A month before the survey, the company broke ground in Nashville, and it shared clips this week showing its Prufrock machines digging into the city's limestone geology.