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Elon Musk's The Boring Co. raises more than $112 million in equity

Elon Musk's The Boring Co. raised $112.52 million in stocks earlier this month, the corporate said in a submitting made public overdue Monday. The offering was 100% offered. The corporate, which plans to build underground tunnels to ease traffic congestion and reportedly grew out of Musk's frustration with Los Angeles traffic, final month said it would be selling LEGO-like bricks created from tunneling rock, and previous to that offered promotional flamethrowers and baseball hats. Musk is leader govt of Tesla Inc. TSLA, -Three.04% and privately held Space Exploration Technologies Corp., or SpaceX.