Elon Musk leads funding round for Boring Company

Boring Company tunnel

Boring Company tunnel stretches beneath Hawthorne, Calif. (Boring Company Photo / October 2017)

A newly reported investment round has brought in $112.5 million for the Boring Company, the venture that billionaire techie Elon Musk created last year to build transit tunnels.

And most of those millions came from Musk.

Documents filed today with the Securities and Exchange Commission say 31 unnamed investors contributed to the funding round.

Musk himself put in more than 90 percent of the money, according the Boring Company. The company said the rest came from early employees, with no involvement by venture capitalists or outside investors.

Get the full story on GeekWire.

About Alan Boyle

Award-winning science writer, creator of Cosmic Log, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.
This entry was posted in GeekWire and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.