Elon Musk Envisions a $1 Trillion Market Cap for One of His Ventures by 2030

Elon Musk wants to make really smart computers and use them to help people live on Mars. But before he does that, he wants to fix the problem of too much traffic on our roads.

In 2016, Elon Musk got frustrated with traffic and said, “I’m going to build a machine to dig tunnels underground.” He even gave his idea a name, “The Boring Company.” He was serious about it.

The Boring Company’s main goal is to solve the big traffic problem by making tunnels for transportation underground. They also want to turn the space above the tunnels into nice places for communities.

They started working on their first tunnel project in February 2017 and have finished three projects so far. Right now, they are building a 68-mile tunnel called the Las Vegas Loop, which will connect 93 stations between Las Vegas and Los Angeles. When it’s done, it will be able to carry 90,000 people every hour.

Elon Musk believes they can dig tunnels quickly and without spending too much money using their special machine called Prufrock. It can dig a mile of tunnel every week, and they plan to make it even faster in the future.

A person named Warren Redlich thinks that by 2030, The Boring Company will have more than 10,000 miles of tunnels. By 2035, he thinks it could be 100,000 miles. He also believes the company will become a publicly traded company (IPO) by 2028 and be worth $1 trillion by 2030.

Elon Musk thinks these predictions could come true because of the technology they have. But he says the biggest problem they face is getting permission to build tunnels because it’s getting harder in North America and Europe.

Image Source: https://en.wikipedia.org/wiki/Elon_Musk#/media/File:Elon_Musk_Colorado_2022_(cropped2).jpg

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