Tuesday, April 17, 2018

Elon Musk's tunneling company raises $112.5M, mostly from Musk himself

Elon Musk’s tunnel-burrowing company, which has been digging around the region with eyes on a high-speed transit system, has raised $112.5 million, according to a new Securities and Exchange Commission filing. Musk himself provided more than $100 million of the funding, according to the company, while the rest came from early employees. The filing says there were 31 individual investors. It lists California (The Boring Co. is headquartered in Hawthorne), Virginia and Washington as states of solicitation.…



from https://www.bizjournals.com/baltimore/news/2018/04/17/elon-musks-tunneling-company-raises-112-5m-mostly.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/173034547647

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