Musk says Boring Co’s Las Vegas tunnel to ‘hopefully’ be operational subsequent yr

FILE PHOTO – SpaceX proprietor and Tesla CEO Elon Musk speaks on the E3 gaming conference in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake

(Reuters) – Elon Musk, founding father of tunneling enterprise Boring Firm, mentioned in a tweet {that a} industrial tunnel in Las Vegas would “hopefully” be absolutely operational in 2020.

“Boring Co is finishing its first industrial tunnel in Vegas, going from Conference Middle to Strip, then will work on different initiatives,” Musk tweeted right here late on Friday, in reply to a consumer’s query concerning the firm’s tunnels.

Musk, who additionally leads electric-car maker Tesla Inc and rocket firm SpaceX, has been in search of to revolutionize transportation by sending passengers packed into pods by means of an intercity system of big, underground vacuum tubes often known as a hyperloop.

The corporate has accomplished its undertaking Check Tunnel, positioned in Hawthorne, California, and different ongoing initiatives embody the Chicago Specific Loop and the East Coast Loop from Washington D.C. to Baltimore.

In April the U.S. Transportation Division issued a draft environmental evaluation for a Washington, D.C.- Baltimore tunnel, step one in a governmental overview of the undertaking from Boring Co.

In July, Boring Co raised about $117 million in a spherical of funding from 20 unnamed traders after providing to promote about $120 million in fairness.

Reporting by Mekhla Raina in Bengaluru; Enhancing by Chizu Nomiyama

Our Requirements:The Thomson Reuters Belief Ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.