Elon Musk’s The Boring Company is making more progress in its quest to build underground tunnels for high-speed urban transport using electric vehicles.
The Bastrop, Texas-based company specializes in constructing fast, low-cost underground tunnels for transportation using electric vehicles in its “Loop” systems. The company’s flagship operational project is the Las Vegas Convention Center Loop, which is a 1.7-mile network with stations at the convention center, Resorts World, Westgate, and Encore. Expansions are accelerating, including the University Center Loop to Virgin Hotels and Howard Hughes Center, with fire safety approvals enabling further links to Wynn, Caesars Palace, the Strat, and Fremont Street as part of a grand 68-mile, 104-station Vegas Loop vision.
Another major focus of Boring is the Harry Reid International Airport extension, a 0.5-mile tunnel from Paradise Road to a new station near airport parking set to open by the first quarter of 2026. The airport extension is expected to be able to handle 20,000 passengers per hour at 35 mph at fares more than 50% below rideshare prices.
The Boring Company also has a project in Nashville, with the Music City Loop advancing toward tunneling in January 2026. The aim is to connect downtown to the airport by fall 2026, potentially expanding statewide to Knoxville. There has also been speculation about Boring projects in Houston and Los Angeles. Internationally, Boring has plans to build a loop in Dubai.
A 2022 Series C funding round valued Boring at $5.7 billion.
Caterpillar (CAT), AECOM (ACM), and Jacobs Engineering Group (J) are three companies that are very loosely related to Boring’s unique main business. Elon Musk’s other companies include Tesla (TSLA), SpaceX (SPACE), Neuralink, and xAI (XAI).