The Boring Company's LA Hyperloop Project Plan Could Change Again

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What this could very well mean is that The Boring Company and SpaceX might just be teaming up to build a myriad of hyperloop systems in Los Angeles so that commuters would not only be able to avoid traffic, but might also one day be able to hop on one of Musk's BFR rockets and catch a flight to Shanghai, arriving in less than 60 minutes.

Billionaire tech entrepreneur Elon Musk will discuss his plans for one of his most prominent side projects, the tunnel-digging Boring Company, during a Thursday night event in Los Angeles. The first rides in the Boring Company tunnel will be free.

Last week Elon Musk showed off the nearly finished first Boring Company tunnel under Los Angeles.

Musk's update on the Boring Co.'s information session prompted hundreds of responses from his followers on Twitter, several of whom inquired if the town hall meeting will be livestreamed online.

The Boring Co. has already cleared some regulatory hurdles for the tunnel along Sepulveda Boulevard, which would connect with a two-mile test track that's under construction in Hawthorne across from SpaceX headquarters.

Once fully operational, the system will always give priority to pods for pedestrians and cyclists for less than the cost of a bus ticket promises Elon Musk.

The Boring Company is in the midst of digging a tunnel underneath Los Angeles and gained preliminary approval in February to begin preparations to build a Hyperloop tunnel to link NY to Washington, D.C.

Last December, The Boring Company filed for a tax exclusion to the California Alternative Energy and Advanced Transportation Financing Authority.

"Boring Company Hyperloop will take you from city center underground and ocean to spaceport in 10 to 15 [minutes]", Musk wrote on Twitter. This video shows the current state of the first Boring tunnel.

Two heads might be better than one, but what about two futuristic transportation technologies? The Boring Company also finished a funding round recently, with an SEC filing revealing that the tunneling startup has raised $113 million in equity.

The result? A transportation system that could take you practically anywhere in the world in roughly an hour.