Search results for Boring Company
Mobility
Boring Company unveils \'Liner Truck\' using Model 3 drivetrain to haul containers in tunnels
Elon Musk-led Boring Company showed remote-controlled freight-handling equipment using Tesla Model 3 battery packs and drive units to move a standard shipping container inside a tunnel. The company is seeking to electrify and automate internal logistics for heavy loads in narrow tunnels, though the extremely tight clearance raises questions about stable remote control. The Liner Truck can carry up to 22,000 pounds but has limited speed and range under load.
Industry
Musk\'s Boring Company raises $3 billion in UAE-led round, valued at $23 billion
Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.
Crypto
Dogecoin co-founder calls DOGE payment for Las Vegas Loop ride his best crypto moment
Dogecoin co-founder Billy Markus said paying a fare on the Las Vegas Loop with dogecoin was the most “crypto” moment he has experienced. He also mocked the recent weakness in the cryptocurrency market, calling the decline “really boring.” The broader market fell on July 28, with total liquidations of $604 million, CoinGlass data showed. Dogecoin fell 3.57 percent to $0.07 over 24 hours.
