Boring Company is right up with Tesla and SpaceX on the success trajectory by lots of measures. This is a company that just started from nothing a few years ago, and it’s already building a massive transit project, and is in final bidding in several other major projects.
They’re already building their own tunnel boring equipment.
The company raised $675 million at a $5.65 billion valuation, putting it ahead of several S&P 500 stocks in market cap, closest to Alaska Airlines.
To say this is unusual is an understatement.
At this point in SpaceX history, the company had yet to launch Falcon 1.
I think a whole lot of people are going to be mightily shocked at how successful this company will turn out. In ten years, when it’s clear how successful it is, everyone will pretend the idea was stunningly obvious and was only successful through public financing, or something like that.
They’re already building their own tunnel boring equipment.
The company raised $675 million at a $5.65 billion valuation, putting it ahead of several S&P 500 stocks in market cap, closest to Alaska Airlines.
To say this is unusual is an understatement.
At this point in SpaceX history, the company had yet to launch Falcon 1.
I think a whole lot of people are going to be mightily shocked at how successful this company will turn out. In ten years, when it’s clear how successful it is, everyone will pretend the idea was stunningly obvious and was only successful through public financing, or something like that.