TBC meaning in Business ?

Answer: What is The Boring Company mean?

The Boring Company (TBC) is an American infrastructure and tunnel construction services company founded by Elon Musk. Its current and proposed projects are designed for intra-city ("loop") transit systems, although the company has stated that current tunnels are being built so they could support eventual transition to Hyperloop-based transportation on longer inter-city routes.

TBC has completed two tunnels in Las Vegas for loop travel. It has also completed one tunnel for testing Hyperloop and loop travel in Los Angeles County. Other tunnels are in various stages of discussion and planning.

Musk cited difficulty with Los Angeles traffic and what he sees as limitations with the current two-dimensional transportation network as his early inspiration for the project. The Boring Company was initially formed as a subsidiary of SpaceX, becoming a separate and fully independent company in 2018. As of December 2018, 90% of the equity was owned by Musk, with 6% held by SpaceX in return for the use of SpaceX resources during the initial startup of the company. Outside investments during 2019 have changed the equity split.

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