The Boring Company | Tunnels – Elon Musk’s new company
He is the founder, CEO, and CTO of SpaceX; co-founder, CEO, and product architect of Tesla Inc.; founder and CEO of Neuralink; co-founder and chairman of SolarCity; co-chairman of OpenAI; co-founder of Zip2; and founder of X.com, which merged with Confinity and took the name PayPal. As of March 2017, he has an estimated net worth of $13.9 billion, making him the 80th wealthiest person in the world. In December 2016, Musk was ranked 21st on Forbes list of The World’s Most Powerful People.
Musk has stated that the goals of SolarCity, Tesla, and SpaceX revolve around his vision to change the world and humanity. His goals include reducing global warming through sustainable energy production and consumption, and reducing the “risk of human extinction” by “making life multiplanetary” by setting up a human colony on Mars.
In addition to his primary business pursuits, he has also envisioned a high-speed transportation system known as the Hyperloop, and has proposed a VTOL supersonic jet aircraft with electric fan propulsion, known as the Musk electric jet.
The Boring Company (also To Be Continued, Tunnels R Us and American Tubes and Tunnels) is an infrastructure and tunneling company founded by Elon Musk in late 2016, after he first mentioned the idea on his Twitter account. Musk cited difficulty with Los Angeles traffic and limitations with the current 2D transportation network as inspiration for the project.
As of February 2017, the company has begun digging a 30 foot wide, 50 foot long, and 15 foot deep “test trench” on the premises of SpaceX’s offices in Los Angeles, since construction on its site requires no permits. According to Musk himself, the company’s goal is to enhance tunneling speed enough such that establishing an underground network of tunnels is financially feasible.
“If you think of tunnels going 10, 20, 30 layers deep (or more), it is obvious that going 3D down will encompass the needs of any city’s transport of arbitrary size.”— Elon Musk
In March 2017, Musk announced that sometime in April the company will start using a digging machine to begin digging a usable tunnel at SpaceX.
However, despite claims to disrupt the construction industry by enhancing its productivity up to an order of magnitude, the project itself has received skepticism since tunnel projects often costs 32 percent more and takes 22 percent more time than expected as a result of uncertainties and unforeseen obstructions associated with drilling.