Elon Musk’s Boring Co. raises $120 million in first outside investment

The company authorized the sale of $120 million in stock, according to a securities filing that was obtained by the Prime Unicorn Index, a company that tracks the performance of private U.S. companies, and reviewed by Bloomberg News. The investment is in addition to the“We are delighted to be an investor in Boring,” said Steve Jurvetson, a venture capitalist with Future Ventures and a director on the boards of Musk’s Tesla Inc. and Space Exploration Technologies Corp.

Boring’s best-known funding efforts involve less traditional methods including the sale of hats and flamethrowers, which raised $1 million and $10 million, respectively, for the business.In May, Boring won its first commercial transportation contract, a $48.7-million mile-long project to shuttle visitors around the Las Vegas Convention Center.

Nice one

Out of our lane, but does it scare anyone else that boring of tunnels in an earthquake zone might trigger 'the big one?' Again, feel free to ignore, I have zero expertise in any of this aside from a minor in geology which adds up to zero+zero.

good cheap raising the rest so you don't have to hit the taxpayers with the bill

I’ve seen running man....I know the end game

god damn it

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Elon Musk's Boring Company is reportedly raising $120 million in its first outside funding roundThe company is planning to sell $120 million in stock, according to a securities filing reviewed by Bloomberg. Boring Company raises $120 million? We're boring! Hello! We may not be quite as boring. But say we're 25% as boring, we'll take the $30MM. fraud ponzischeme Will any of the businesses ever make a dime..?
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »