Elon Musk’s Boring Company Nabs First Client: Las Vegas

The city will pay nearly $50 million for a 0.83-mile hyperloop system

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Tesla founder Elon Musk is the highest-paid CEO of all time.
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By Evan Bleier / May 24, 2019 8:43 am

Elon Musk is hoping what happens in Vegas doesn’t stay in Vegas as Sin City will be the first paying customer for his Boring Company, contracting with the firm to build a 0.83-mile hyperloop system at a cost of $48,675,000.

Greenlit by directors of the Las Vegas Convention and Visitors Authority, the project will create a three-station loop system inside of the city’s massive convention center, which is still under construction.

Capable of shooting passengers from station to station at speeds of up to 150 miles per hour, the new system aims to transport at least 4,400 passengers per hour throughout the convention center. Were it not for the loop, the journey between the center’s new exhibit and south halls would be about a 20-minute walk.

If all goes to plan, the opening of the LVCC Loop will coincide with the 2021 Consumer Electronics Show.

Once the system is built, the Boring Company anticipates expanding it within the city and possibly outside of Vegas city limits.

“Future expansions to augment LVCC Loop can include service extensions to McCarran International Airport, hotels on the Las Vegas Strip, downtown Las Vegas, Las Vegas Stadium, and, in the long term, Los Angeles,” according to the Boring Company. “Any future expansion would be designed with similar compatible construction infrastructure and would provide an express connection from the expansion site to LVCC Loop stations.”

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