Elon Musk drops a surprise update on Boring Company's next big dig
Key Points:
- Elon Musk announced that The Boring Company is developing a “simple, precursor Hyperloop” tunnel between Austin and San Antonio, aiming for speeds over 200 mph and reducing travel time from up to 2.5 hours to under 30 minutes with express service and no intermediate stops.
- The Boring Company recently secured $3 billion in funding, boosting its valuation near $23 billion and providing more capital to pursue ambitious projects like the Austin-San Antonio tunnel, while also progressing on existing tunnels in Nashville and Las Vegas.
- Tesla's robotics team audited component suppliers in Ningbo, China, certifying three manufacturers for mass production of Optimus humanoid robots, with near-term production goals of about 1,000 units per week by late September and plans to scale up to 2,500 units weekly by year-end.
- SpaceX targets September 22 for Starship’s 14th test flight, aiming for the first orbital mission that would circle Earth six times and deploy Starlink V3 satellites, marking a significant step beyond previous suborbital tests and advancing Starship toward operational payload delivery.
- Elon Musk teased a new Boring Company merchandise item involving uranium that glows in the dark, continuing the company’s tradition of humorous and popular novelty products, though details and actual product release remain uncertain.