Elon Musk’s tunnel boring operation has moved its headquarters from the Los Angeles area to Texas and is pursuing several new tunnel projects in the Lone Star State.
The Boring Company, formerly in Hawthorne, Calif., is now based in Pflugerville, a suburb near Austin, Texas.
Hawthorne Chamber of Commerce President Patricia Donaldson said the move happened sometime in the past year.
The company announced on April 21 it had raised $675 million in new funding and is now valued at nearly $5.7 billion.
Musk founded The Boring Company in 2016 to “solve traffic.” The company has since completed its first transportation tunnel in Las Vegas and has many more in the planning stages.
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