They’re already building their own tunnel boring equipment.
The company raised $675 million at a $5.65 billion valuation, putting it ahead of several S&P 500 stocks in market cap, closest to Alaska Airlines.
To say this is unusual is an understatement.
At this point in SpaceX history, the company had yet to launch Falcon 1.
I think a whole lot of people are going to be mightily shocked at how successful this company will turn out. In ten years, when it’s clear how successful it is, everyone will pretend the idea was stunningly obvious and was only successful through public financing, or something like that.
Raising money is just a con man thing, the boring company has achieved nothing new at all, like, nothing.
We're still waiting on all the other promises that just keep not coming, so no, I don't think we'll be surprised.
> it’s already building a massive transit project
It's only massive in terms of wasted taxpayer funds. The Vegas tunnel is a boondogle, and per Elon's signature style, completely unlike anything that he promised, their next tunnel will be the same.
> In ten years, when it’s clear how successful it is, everyone will pretend the idea was stunningly obvious and was only successful through public financing, or something like that.
I won't. If boring company has built any noteworthy tunnels within the next ten years, feel free to come back and have yourself a dropbox moment with my comment.
I'm confused, because you called-out the Vegas tunnel, but are you claiming a 30-mile, 55-station tunnel is not a massive project? Or are you referring to the already-built 1.7 mile LVCC Loop?
Beyond that, there are no taxpayer dollars used in the project. It's entirely privately financed. In fact, the system pays a concession fee to Las Vegas.
> If boring company has built any noteworthy tunnels within the next ten years
Well, TBC is already constructing the 55-station Las Vegas Loop as we speak. It's scheduled to open in 2 years, at least partially by Super Bowl LVIII in Vegas in February 2024. The entire system will not be done, but enough of it will be to be noteworthy.
> feel free to come back and have yourself a dropbox moment with my comment.
I will try to remember to do that! Don't worry, you won't be the only one who got this wrong.
The radical proposals in terms of stripping out safety equipment for operational tunnels may prod some development, but ultimately any gains here are not going to be captive and will just result in revised client expectations (outside Boring funding & delivering projects worth $10bn+ individually themselves, with no public involvement).
That is incorrect. That is how they started, but they are now using Prufrock 2, which is both designed and built by The Boring Company, though I agree there has yet to be much of a step change in technology. Prufrock 2 is not the fastest tunnel boring machine in the world, and its porpoising feature has had some setbacks, needing to be dug out.
But all of this kind of misses the point. It ultimately doesn't matter if the tunnel boring machine is extraordinarily better. The Boring Company is applying the exact same philosophies that has made Tesla and SpaceX successful: extreme vertical integration and rapid iteration.
What matters is that TBC controls the boring machine. They control the design, they control the manufacturing process, and they have a willingness to experiment and iterate. The company is 5 years old and is now on its fourth tunnel boring machine.
And given the design of TBC transportation systems, there's no reason you can't have a dozen tunnel boring machines running simultaneously.
There was nothing remarkable about Falcon 9 when it launched. It was old tech, with a few good ideas, and one killer feature: extraordinary cost savings.
Ultimately what matters in tunneling is the cost.
https://www.theguardian.com/technology/2022/oct/30/elon-musk...
When you have successes like Tesla and SpaceX and PayPal it doesn't really matter how many failures you have. This isn't like being an airline pilot where you're judged by your worst outing.
The thing is that they are not just honest failures, they are outright lies.
https://www.mediaite.com/opinion/elon-musk-is-pathologically...
https://insideevs.com/news/580787/elon-musk-tesla-private-tw...
https://usishield.com/36376/news/steve-wozniak-accuses-elon-...
https://www.vanityfair.com/news/2022/04/elon-musk-twitter-te...
https://www.bloomberg.com/news/videos/2021-11-12/carson-bloc...
Mark Spiegel: Elon Musk is ‘a pathological liar’ https://www.youtube.com/watch?v=msxq2OkCXnE
The Fake Futurism of Elon Musk https://www.youtube.com/watch?v=5OtKEetGy2Y
DEBUNKING ELON MUSK Pt1 https://www.youtube.com/watch?v=c-FGwDDc-s8
The HYPERLOOP Will Never Work, And Here's Why https://www.youtube.com/watch?v=CQJgFh_e01g
- Electric cars only will build a more valuable company.
- I can launch more rockets then everyone else combined.
Were also lies at the time.
https://www.theguardian.com/technology/2022/oct/30/elon-musk...
It matters if you care about evaluating whether or not you should believe what Elon says.
Do I believe that Tesla will get to full self driving eventually? Yes.
https://www.theguardian.com/technology/2022/oct/30/elon-musk...
He is literally the richest man in the world. Do you think he isn’t a successful gambler because of a few $1 bets that haven’t paid off (yet on many) vs the several $1000 bets that have?
Only because Telsa stock is insanely overvalued. Due in large part to Musk's overhype of FSD.
The rocket landing stuff largely borrow from DC-X and the spinoff work at NASA (+Lars Blackmore), all originally Strategic Defense Initiative development.
He used all that money from Mike as collateral for loans to Tesla
Yet Elon's the only person/company who put those privileges to good use
If you watch the EverydayAstronaut interviews with Musk it shows that he has a deep understanding of the engineering tradeoffs and design reasons for many components of the rocket, and in fact is being quite careful with what he can share due to not wanting to leak company secrets. In fact, some of the questions that were asked in the earlier interview were re-referenced in a later interview as having been considered and leading to design changes.
I think Musk is a smart engineering type who sees finance, PR, politics etc as just another engineering problem, with all the pros and cons that creates. He's had a ton of success in hard-tech fields just by not being an idiotic pointy-haired-boss in a world where finance and political people are repeatedly being put in charge of projects and companies whose tech they don't understand. This doesn't mean he is likeable, or someone you'd want to have a beer with, or moral, or anything else. But it does mean he is capable of managing a tech company better than most, if we use the success of the company as our capable-of-managing-a-company metric.
https://www.theguardian.com/technology/2022/oct/30/elon-musk...
Which interview specifically? from https://www.youtube.com/results?search_query=Everyday+Astron...
I said this on another thread but I will say it here too. Musk’s genius and value is not his engineering skill but his willingness to think about big possibilities and then be fearless and patient enough to make what many others think are risky (and stupid) bets on those possibilities.
We need folks like that. They move the needle far more than the random HN engineers who feel that the Musks and Edison’s of the world aren’t relevant because they “didn’t design or engineer” the technologies they made viable to the masses.
Musk and Edison’s roles—were not as the engineers of technology, but as the facilitators of the engineers.
https://www.theguardian.com/technology/2022/oct/30/elon-musk...