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Elon Musk's Boring Company raises $112.5 million for hyperloop tunnels

The funding comes about five months after Musk said the Boring Company would compete to fund

Reuters 

Elon Musk's Boring Company has raised $112.5 million in equity, the firm said in a regulatory filing on Monday, as it seeks to build underground tunnels for its hyperloop transportation project. Musk, who also leads electric vehicle maker Tesla Inc and rocket company SpaceX, is seeking to revolutionize transportation by sending passengers packed into pods through an intercity system of giant, underground vacuum tubes known as the hyperloop. The funding comes about five months after Musk said the Boring Company would compete to fund, build and operate a "loop" to ...

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First Published: Tue, April 17 2018. 03:46 IST
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