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Elon Musk Drops a Surprise Update on Boring Company’s Next Big Dig

Musk said the tunnel could cut the trip to under 30 minutes and reach speeds above 200 mph, backed by a $3 billion funding round.

  • Elon Musk recently claimed that his tunneling startup, The Boring Company, is working on a "simple precursor Hyperloop" connecting Austin and San Antonio, targeting speeds above 200 mph and reducing travel time to less than 30 minutes.
  • What distinguishes this proposal from earlier Texas pitches is The Boring Company's strengthened balance sheet; the firm closed a 3 billion dollar funding round led by investors in the United Arab Emirates earlier this month, valuing it at 23 billion dollars.
  • The proposed tunnel would run at speeds above 200 mph, utilizing an express model with garage-style stops similar to the company's Las Vegas transportation network, where riders bypass intermediate terminals.
  • Past projects have struggled to materialize; The Boring Company has failed to deliver systems in Chicago and Los Angeles, and earlier Austin-San Antonio tunnels floated in 2021 eventually stalled.
  • Alongside the infrastructure announcement, Musk posted early Saturday about new merchandise, including a glow-in-the-dark "Uranium in Uranus" item, describing the company's merchandise arm as creating products that are "outrageously unsellable and yet extremely popular.
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Musk's company wants to connect Austin and San Antonio with an underground tunnel <p>Boring Co. is developing a tunnel between Austin and San Antonio to shorten the trip to less than 30 minutes. The company raised $3 billion.</p>

·Kyiv, Ukraine
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(Seoul = Yonhap News) Reporter Seol Won-tae = Elon Musk said his tunnel boring company, The Boring Company, is working on a tunnel project connecting Austin and San Antonio, Texas...

·Seoul, Korea (the Republic of)
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The Business Journals broke the news in Charlotte, United States on Sunday, September 20, 2026.
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