Cyber Week Sale! 50% Off All Access

Elon Musk's Boring Company Completes Excavation of Its Las Vegas Tunnels The loop transit system is on track to open in January 2021.

By Rachel England

This story originally appeared on Engadget

Pool/Getty Images via engadget

Elon Musk's Boring Company has finished excavating the second of two tunnels planned for the Las Vegas Convention Center's underground loop transit system, according to The Verge. The city's Convention Center (the LVCC) enlisted the company last year to develop the mile-long system, which could cost up to $52.5 million and is slated for completion in January 2021. It'll be the Boring Company's first foray into commercial transit.

Related: Here's What You Need to Know About Elon Musk

The project — officially called the Convention Center Loop — will ferry people around underneath the venue via Tesla's autonomous electric vehicles. It's designed to move more than 4,000 people per hour across the facility, turning what is at least a 15-minute walk into a quick hop of less than two minutes. A future expansion linking the Strip, McCarran International Airport and Las Vegas Stadium is also on the cards, although a roadmap for that is yet to be announced.

Related: 5 Habits That Made Elon Musk an Innovator

Now the two tunnels are completed — the first was finished back in FebruaryThe Verge reports that the company will start working on above-ground passenger stations at either end of the tunnels, plus a third underground station in the middle of the loop. Assuming all goes to plan — both with the Boring Company's progress and with the wider challenge of the ongoing coronavirus pandemic — the system should be open in time for the next Consumer Electronics Show (CES) in January next year, bringing welcome relief to worn out convention-goers that usually spend hours traversing the center on foot.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Growing a Business

5 Growth Hacks to Increase Your Revenue by 90% in 12 to 24 Months

Here are five innovative and proven strategies that can significantly boost your business's revenue within the next year or two. Whether you're looking to scale quickly or enhance operational efficiency, these growth hacks will provide actionable insights to help you achieve remarkable revenue growth.

Business News

'Brazen, Targeted Attack': UnitedHealthcare CEO Fatally Shot Outside Hotel in Manhattan

Brian Thompson was killed in what the NYPD says was a targeted attack.

Business News

Hackers May Be Reading Your Texts — U.S. Officials Urge All Americans to Use Encryption Messaging Apps in the Wake of Massive Cyberattack

The FBI and security officials warn that messages sent by AT&T, Verizon, and Lumen Technologies customers are vulnerable.