• About Us
  • Contact Us
Today Headline
No Result
View All Result
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
    • Software & IT
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
  • breaking news today
    • Politics news
    • Sports
    • Science News & Society
  • Entertainment News
    • Movie
    • Gaming
  • Technology News
    • Automotive
    • Software & IT
  • Health News
    • Lifestyle
    • Insurance
  • Finance News
    • Money
  • Enterprise
  • Contact Us
No Result
View All Result
TodayHeadline
No Result
View All Result

The Boring Company, Elon Musk’s tunnel-making company receives $650 million in funding

1 year ago
in Enterprise
Reading Time: 2 mins read


This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

The Boring Company is one of Elon Musk ‘s companies and contrary to its name, it is anything but boring. Since its foundation in 2016, the company has been working on the development of a tunnel system that helps solve the severe traffic problems of large cities and that allows the agile transportation of passengers and goods from one place to another. To achieve its goal, the company has managed to raise $675 million in a series C financing round .



Bloomberg | Getty Images

The company’s goal is to forever eradicate traffic through the Loop a transportation system that will move passengers at high speeds underground. Initially, Musk’s company claimed that the system could reach speeds of up to 200 km/h, although in the tests it has carried out it has only managed to reach 80 km/h.

According to the company’s official website , to solve current traffic problems “roads must be in 3D, which means that flying cars or tunnels are needed. Unlike flying cars, tunnels are weatherproof, out of sight, and won’t fall on your head. The tunnels minimize the use of valuable surface land and do not conflict with existing transportation systems. A large network of tunnels can relieve congestion in any city; no matter how big it grows, more levels of tunnels can always be added.”

In October 2021, The Boring Company received approval to build a first tunnel network of 46 kilometers under the city of Las Vegas with various stations, including some on the casino strip.

Following the capital investment, The Boring Company is valued at $5.6 billion .

What are Loop and Prufrock?

The vehicle that will move through the tunnels is called Loop and is 100% electric, very similar to a Tesla. Unlike the subway, where a convoy stops at each of the stations, this vehicle will make no stops and will take passengers directly to their final destination. According to the company, the Las Vegas project could transport 57,000 passengers per hour (with 57 stations distributed throughout the tunnel network).

Prufrock is the machinery created by The Boring Company to dig tunnels at a rate of 1.6 kilometers per week. This technology would allow the company to build a network of tunnels in a matter of weeks, unlike traditional subway excavations that can take several years to complete.

Related Posts

Enterprise

Labour’s Rachel Reeves aiming to be ‘Britain’s first green chancellor’ | Energy bills

Rachel Reeves has said she...

Read more

5 Simple SEO Strategies to Improve Your Rankings

Bank of England completes sale of £19bn emergency bond purchases after mini-budget | Bank of England

5 Ways Machine Learning Will Impact the Entrepreneurial Landscape In 2023

First Windows 11 preview builds arrive for 2023

Load More
  • Trending
  • Comments
  • Latest

The Mississippi Is Mighty Parched

CoStar’s Rising Homes.com Upsets Realtor.com To Become No. 2 Portal

Progress in the fight against resistance in metastatic breast cancer

Pet monkey fed cocaine before getting flushed down toilet

The 50 Best Toys for 2 Year Old Boys in 2023! [+ Toys of the Year]

How Long Does it Take to Get a Divorce – Film Daily

Swedish media report that the winners of the Nobel Prize in chemistry may have been announced early

SBF Being in a Room With His Dog Was an Accident Waiting to Happen: Book

Forza Motorsport review: 2023 reboot is OK with being the boring Forza

DaBaby Wants To Act Alongside 50 Cent In Movie Or TV Show

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

How Long Does it Take to Get a Divorce – Film Daily

Swedish media report that the winners of the Nobel Prize in chemistry may have been announced early

SBF Being in a Room With His Dog Was an Accident Waiting to Happen: Book

How Long Does it Take to Get a Divorce – Film Daily

Swedish media report that the winners of the Nobel Prize in chemistry may have been announced early

SBF Being in a Room With His Dog Was an Accident Waiting to Happen: Book

  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline

No Result
View All Result
  • Real Estate
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2023 All rights are reserved Today headline