TSIL436 = The Secret in Locker 436
This is a new video from Elon Musk’s The Boring Company (2 minutes):
And in July of 2019 The Boring Company raised its first outside investment through the sale of $120 million in stock.
The investors in the stock sale were 8VC, Vy Capital, Craft Ventures and Valor Capital, and DFJ.
The investment came just two months after The Boring Company (TBC) landed a $48.7 million commercial contract to build and operate an underground “people mover” in Las Vegas. After receiving approval from the Las Vegas Convention and Visitors Authority, TBC inked the contract in May of 2019 to build an underground loop system that shuttles people.
The initial design for the project, called Campus Wide People Mover, or CWPM, will focus on the Las Vegas Convention Center. The Las Vegas Convention and Visitors Authority estimates that people walking the facility would travel two miles from one end to the other, a distance that caused officials to seek a transportation solution.
TBC previously raised some $113 million last year.