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Advanced Propulsion Resources Part 1 of 2
Elon Musk's tunneling company could become his most valuable
The first section of the Hawthorne tunnel, including O'Leary Station, will be revealed by December 10, 2018.
Tunnels projects currently cost as much as $1 billion per mile. Elon Musk wants to make a massive tunnel network. He wants to reduce tunneling costs by a factor of more than 10.
Boring Company has started work on an 18-mile tunnel in Chicago from downtown to the airport. Successfully completing the airport tunnel will make the tunneling company worth as much as $16 billion. This valuation will be before any full speed hyperloop implementation. If Boring Company succeeds in lowering the cost of tunneling by ten to one hundred times then they will enable high-speed transportation to be used inside and between cities. This would not only mean capturing most of the existing tunnel and infrastructure projects but increasing the tunneling projects by 100 times.