Story at a glance
- Elon Musk’s The Boring Company’s sole purpose is to create underground tunnels in 2020.
- One test environment has been completed, and Las Vegas is the next candidate at the forefront of the experiment.
- The tunnel transportation systems will be public and are slated to travel from 155-600 mph.
Tech magnate Elon Musk is optimistic about getting an underground commercial transportation tunnel “fully operational” in Las Vegas in 2020.
The LVCC Loop is part of a larger idea to decongest cities and reinvigorate public transportation in cities like Los Angeles and Chicago, as well as the East Coast, which all have Loop operations in development. The Las Vegas project will be a high-speed underground public transportation system.
The trains would be run as Autonomous Electric Vehicles (AEVs) and would move people to and from locations in passenger “pods” that will travel at 155 mph or more.
The Boring Company’s sibling product, Hyperloop, is similar to the Loop but is slated to travel at 600 plus miles for farther, longer trips.
A "test tunnel" was launched in Hawthorne, Calif., as a means for further research and development of a tunneling system. The Hawthorne Test Tunnel runs approximately 1.14 miles from Musk’s SpaceX property to end on the corner of Prairie Avenue and 120th Street.
Fare to ride the Loop is “not finalized but will be comparable to or lower than current public transportation fares for pedestrians.” Costs to create the test tunnel ran to approximately $10 million. Musk aims to make his Loops and Hyperloops run on electric locomotives.
This past July, The Boring Company raised approximately $117 million in funding rounds from reportedly 20 unnamed investors.