Elon Musk just poured more than $100 million into The Boring Company

pulse

April 16, 2018 10:46 PM

According to The Boring Company, 90% of the $112.5 million raised came from Elon Musk, while the rest came from early employees.

According to The Boring Company, no outside investors were involved in the funding round.
The company said 90% of the funds raised came from Musk, while the rest came from early employees.

The Boring Company, Elon Musk's tunnel-digging company, has raised $112.5 million in a recent round of funding, according to an SEC filing the company submitted on Monday.

According to The Boring Company, no outside investors were involved in the funding round. The company said 90% of the funds raised came from Musk, while the rest came from early employees.

While Musk's name is not listed on the filing, it does include Steve Davis, a senior SpaceX engineer whom Musk chose to lead The Boring Company, and Jared Birchall, the president of Musk's artificial-intelligence company Neuralink.

the Boring Company

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In the past year, Musk has used unconventional methods to raise money for The Boring Company, includinghats bearing the company's name branded flamethrowers. In March, Musk said the company would sell interlocking, Lego-style bricks

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