Elon Musk just bet $100m of his own money on a boring idea

The funding was revealed in an SEC document, and the company confirmed that Musk provided most of the funds, reports Recode. In total, Musk’s Boring Company raised $113 million with Musk contributing over 90% of the funds. The remainder of the funds came from early employees. There’s no word yet on how the Boring Company … Continue reading “Elon Musk just gave over $100 million to the Boring Company” The funding was revealed in an SEC document, and the company confirmed that Musk provided most of the funds, reports Recode. In total, Musk’s Boring Company raised $113 million with Musk contributing over 90% of the funds. The remainder of the funds came from early employees. There’s no word yet on how the Boring Company will use the funds, but it’s a refreshing change to see the company raising funds the old-school way instead of only relying on selling flamethrowers.Read Full Story

Elon Musk just bet $100m of his own money on a boring idea

The serially successful entrepreneur invested his personal fortune in a company many thought was a joke

Tue 17 Apr 18 from The Independent

Elon Musk's Boring Co raises $112.5 million in funding, most from Musk

(Reuters) - Elon Musk's Boring Co said on Monday it raised $112.5 million in equity, with 90 percent coming from Musk himself, as the company seeks to build underground tunnels for its hyperloop ...

Mon 16 Apr 18 from Reuters Technology

Elon Musk's Boring Company gets $113 million to dig tunnels

Elon Musk's Boring Co aims to drill tunnels under urban corridors to beat gridlock.        

Mon 16 Apr 18 from USA today

Elon Musk's Boring Company raises $112.5 million for hyperloop

(Reuters) - Elon Musk's Boring Company has raised $112.5 million in equity, the firm said in a regulatory filing on Monday, as it seeks to build underground tunnels for its hyperloop transportation ...

Mon 16 Apr 18 from Reuters Technology

Elon Musk’s Boring Co. raises $113 million to chase a pipe dream

Elon Musk’s tunneling startup The Boring Company has raised $113 million to fund its vision of the near/distant future of transportation, according to newly-filed SEC docs first spotted ...

Mon 16 Apr 18 from TechCrunch

Boring Company Raises $113 Million In New Capital

An SEC filing shows the Boring Company has raised $113 million in new investments from 31 individuals. Elon Musk is the largest contributor, putting in $100 million of his own money.

Wed 18 Apr 18 from CleanTechnica

Elon Musk just gave over $100 million to the Boring Company

The funding was revealed in an SEC document, and the company confirmed that Musk provided most of the funds, reports Recode. In total, Musk’s Boring Company raised $113 million with Musk ...

Tue 17 Apr 18 from Fastcompany Tech

Elon Musk's Boring Co raises $112.5 mn for hyperloop project

Elon Musk's Boring Co. said on Monday it raised $112.5 million in equity, with 90% coming from Mr. Musk himself, as the company seeks to build underg

Tue 17 Apr 18 from The Hindu

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