Just a fad, Elon Musk's new company is even flooded with investors
Perhaps Elon Musk’s ability to create great companies is undeniable. Because Boring Company, is a new company owned by Elon Musk that has just raised quite a bit of funding.
Even though the new company that was considered just a fad by Elon Musk. Because some were frustrated with the congestion problem in the city of Los Angeles, the company was created to build an underground road network.
It’s kind of a hobby company, starting as a joke and then we decided to make it real. Start digging tunnels in the Los Angeles underground.
Elon Musk
As Dafunda Tekno summarized from Reuters, the Boring Company company has managed to earn an income of USD 117 million or around Rp. 16 trillion from 20 investors who did not mention their names.
The company itself has also sold hats and flamethrower toys to raise funds. The first project they built was a tunnel close to the SpaceX site at Hawhthorne.
In addition, the Boring Company is also working on a high-speed train project called Loop. They are currently developing the Chicago Express and Las Vegas Convention Loop.
Those are some of the achievements of Elon Musk in creating a large company that made his name soar.