The Boring Company
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The Boring Company
The Boring Company (TBC) is an American infrastructure and tunnel construction services company founded by Elon Musk. Its ongoing and proposed projects are designed for intra-city ("loop") transit systems. After six years TBC has completed one out of six publicly announced projects. The only operational one is situated inside the Las Vegas convention center (LVCC) and operates on limited days for loop travel during conventions. It connects the LVCC West Hall to the existing campus over a stretch of 1.7 miles with an average speed of 30mph in non-autonomous regular Tesla 3 cars that are steered by an driver, despite promised to have 150mph average speeds and autonomous "sleek custom pods". The majority of Las Vegas local residents are not served by the LVCC limited transportation system. The TBC completed one tunnel for testing in Los Angeles County. During the opening of the test tunnel at the end of 2018, it was described as "just a regular Tesla driving through a paved tunnel ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Elon Musk At TED 2017
Elon commonly refers to Elon Musk. Elon may also refer to: People * Elon (name), a given name and surname Places in the United States * Elon, Iowa, an unincorporated community * Elon, North Carolina, a town * Elon, Virginia, an unincorporated community Other uses * Elon University, in Elon, North Carolina ** Elon Phoenix, the school's athletic program * Elon (chemical), Eastman Kodak's trade name for p-methylaminophenol sulfate * ''Elon the Muskox'', a living sculpture at City Hall in Yellowknife, Northwest Territories, Canada * Echelon Corporation (NASDAQ code: ELON) See also * * * Alon (other) * Allon (other) * Aloni, a surname * Eilon Eilon () is a kibbutz in northern Israel. Located a mile south of Lebanese border and six miles east of the Mediterranean coast, the kibbutz sits on a ridge between two streams, Nahal Betzet and Nahal Kziv and falls under the jurisdiction of Ma ...
, Israel {{disambig, geo ...
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Craft Ventures
Craft Ventures is a venture capital firm based in San Francisco which makes early stage venture investments. Craft was founded in 2017 by David O. Sacks and Bill Lee. Background Craft was founded in 2017 by David O. Sacks, formerly of Yammer and PayPal and Bill Lee, formerly of Remarq and Big Fish Games. Jeff Fluhr, founder and former CEO of StubHub, joined as general partner in 2018 and Sky Dayton, founder of EarthLink and Boingo Wireless, joined as venture partner the same year. Craft announced its first fund of $350 million in January 2018 and its second fund of $500M in October 2019. Funds Craft Ventures I ($350 million) was raised in 2017. Craft Ventures II ($500 million) was raised in 2019. In August 2021, Craft announced the closing of Craft Ventures III ($612 million) and Craft Ventures Growth I ($510 million), focusing on SaaS businesses and marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provi ...
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Founders Fund
Founders Fund is a San Francisco-based venture capital firm. Formed in 2005, Founders Fund had more than $11 billion in aggregate capital under management as of 2022. The firm invests across all stages and sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer Internet, with a portfolio that includes Airbnb, Lyft, Spotify, Stripe, and Oscar Health. Founders Fund was the first institutional investor in Space Exploration Technologies (SpaceX) and Palantir Technologies, and one of the earliest investors in Facebook. The firm’s partners, including Peter Thiel, Ken Howery and Brian Singerman, have been founders, early employees and investors at companies including PayPal, Google, Palantir Technologies, and SpaceX. History The firm was organized by Peter Thiel, Ken Howery, and Luke Nosek in early 2005 and raised its first fund of $50 million from individual entrepreneurs and angel investors in January of that year. Sean Parker, co ...
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Sequoia Capital
Sequoia Capital is an American venture capital firm. The firm is headquartered in Menlo Park, California, and specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. , Sequoia's total assets under management were approximately US$85 billion. Sequoia is an umbrella brand for three different venture entities: one focused on the U.S. and Europe, another on India and Southeast Asia, and a third on China. Notable successful investments by Sequoia Capital include Apple, Cisco, Google, Instagram, LinkedIn, PayPal, Reddit, Tumblr, WhatsApp, and Zoom. History Sequoia was founded by Don Valentine in 1972 in Menlo Park, California, at a time when the state’s venture capital industry was just beginning to develop. Sequoia formed its first venture capital fund in 1974, and was an early investor in Atari the next year. In 1978, Sequoia became one of the first investors in Apple. Partners Doug Leone and Michael Moritz assumed leade ...
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Giga Texas
Gigafactory Texas (also known as Giga Texas or Gigafactory 5) is an automotive manufacturing facility near Austin, Texas built by Tesla, Inc. Construction began in July 2020, limited production of Model Y began before the end of 2021,The Tesla Cybertruck will be built in Texas and is getting an interplanetary update
, 23 July 2020,
and initial deliveries of vehicles built at the factory took place at an opening party called “Cyber Rodeo” on April 7, 2022. The factory is also planned to be the main factory for the

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Austin, Texas
Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson counties. Incorporated on December 27, 1839, it is the List of United States cities by population, 11th-most-populous city in the United States, the List of cities in Texas by population, fourth-most-populous city in Texas, the List of capitals in the United States, second-most-populous state capital city, and the most populous state capital that is not also the most populous city in its state. It has been one of the fastest growing large cities in the United States since 2010. Downtown Austin and Downtown San Antonio are approximately apart, and both fall along the Interstate 35 corridor. Some observers believe that the two regions may some day form a new "metroplex" similar to Dallas–Fort Worth metroplex, Dallas and Fort Worth. Austin i ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Hawthorne, California
Hawthorne is a city in the Los Angeles metropolitan area, located in southwestern Los Angeles County, California. It is part of a seventeen-city region commonly called the South Bay. As of the 2020 US census, Hawthorne had a population of 88,083. History Hawthorne was founded in 1905 as the "Hawthorne Improvement Company" by B.L. Harding and H.D. Lombard. Harding's daughter shared her birthday—the 4th of July, American Independence Day—with New England author Nathaniel Hawthorne, and a decision was made to name the city after him. Hawthorne was once a "whites only" settlement, commonly called a sundown town. During the 1930s, signs warned African-Americans to be out of Hawthorne by sundown. Geography According to the United States Census Bureau, the city has an area of , over 99% of it land. To the north of Hawthorne is the unincorporated community of Lennox and the city of Inglewood. To the east is the unincorporated community of Athens and the city of Gardena. T ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ...
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Corporate Entity
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most attract ...
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