Elon Musk's The Boring Co. raises more than $112 million in equity

Discussion in 'Market News' started by sniper-academy, Apr 17, 2018.

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    Elon Musk's The Boring Co. raised $112.52 million in shares earlier this month, the company said in a filing made public late Monday. The offering was 100% sold. The company, which plans to build underground tunnels to ease traffic congestion and reportedly grew out of Musk's frustration with Los Angeles traffic, last month said it'd be selling LEGO-like bricks made from tunneling rock, and prior to that sold promotional flamethrowers and baseball hats. Musk is chief executive of Tesla Inc. and privately held Space Exploration Technologies Corp., or SpaceX.

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