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Fortune
Fortune
Jessica Mathews

Seven years after Elon Musk started The Boring Company, the company only has 2.4 miles of tunnel to show for it

(Credit: Roger Kisby for Fortune)

If you made it through Walter Isaacson’s 615-page biography of Elon Musk, you may have noticed that Musk’s tunneling venture, The Boring Company, is allotted all of three pages.

I found that to be a bit peculiar. While hardly the size of SpaceX, Boring Company is still one of the most valuable startups in the world—last worth some $5.6 billion in 2022 (though a recent employee share sale implies a more than $7 billion figure). The City of Las Vegas has entrusted Boring with the initial approvals it needs to build a 68-mile underground public transit system—a shocking vote of confidence for a startup that has built a mere 2.4 miles of operating tunnel since inception.

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