Elon Musk's Boring Company now valued at $6 billion, company says

Musk founded the company in 2016 with the aim of relieving traffic congestion without creating more surface roads.

"The funds from the round will be used to significantly increase hiring across engineering, operations, and production to build and scale Loop projects, including Vegas Loop and others, in addition to accelerating the research and development of Prufrock and future products," Musk's company said in a statement.Prufrock is the company's term for its boring machine, which it says can cut out a tunnel up to four miles long in less than a month.

"Prufrock-3 is designed to be even faster, with the medium term goal of 1/10 human walking speed, or 7 miles/day," the company said.

Dear Fox Business ,I just inform Elon Musk that Jay-Z's group wanna murder me ----- their ghostwriter . then Elon blocks my Twitter and FB !He seen !! But still block mine . This kind of man cannot protect the freedom of speech.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Elon Musk's Tunnel-Making Venture Boring Company Hits $5.7 Billion ValuationThe Boring Company said it has raised $675 million in a funding round valuing the firm at $5.675 billion.
Bron: nbcchicago - 🏆 545. / 51 Lees verder »

Boring Company raises additional $675 million as investors chuck money into holes in the groundThat’s a lot of money for putting Teslas in tunnels: Does the boring company pay taxes on that land and all the work that goes into plotting? Or is it a one and done deal? This headline deserves a Pulitzer Trains….
Bron: verge - 🏆 94. / 67 Lees verder »