The Boring Company(also known asTBC)[2][3]is an American infrastructure andtunnel constructionservices company founded byElon Muskin December 2016.
Musk has cited difficulty withLos Angelestraffic and limitations with the current 2-D transportation network as inspiration for the project.[3][4]The Boring Company was initially formed in 2017 as asubsidiaryof SpaceX, becoming a separate and fully independent company in 2018. As of December 2018, 90% of theequitywas owned by Musk,[5]with 6% held bySpaceXas return for the use of SpaceX resources during the initial startup of the company.[6]Outside investments during 2019 have changed the equity split.
