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Elon Musk and Israel in discussions about Boring Company transport project

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Elon Musk’s tunnel digging technology developed by The Boring Company is being eyed by Israel as a potential solution to the country’s traffic and public transportation woes. Israeli Prime Minister Benjamin Netanyahu revealed at a recent campaign event that his government was in talks with the serial entrepreneur about tapping into Boring’s tunneling solutions to address infrastructure concerns.

“I met a man that they call Elon Musk — have you heard of him? A real genius,” Netanyahu said, as published in a report by Bloomberg. ““Right now we’re in conversation with him to see if we can tunnel the State of Israel.” The two men’s discussion took place at the Prime Minister’s residence over a breakfast.

Tel Aviv suffers from one of the world’s most congested traffic situations. | Credit: Pixabay

Israel’s population growth has outpaced its infrastructure development thanks to an immigration influx and a surge in economic growth over the last two decades. Its small geographic area – about 290 miles long and 85 miles across at its widest – requires innovative solutions that take its space limitations into account when it comes to transportation solutions.

Several underground rail projects are underway in Israel; however, only one subway system is currently running in the country. It will remain that way until the planned Tel Aviv Light Rail lines become operational, the earliest planned for 2021 to the tune of $3 billion dollars for 14 miles of line. When compared to The Boring Company’s prior expenditure of only $10 million per mile of tunnel, it’s perhaps understandable why Israel would be interested in Musk’s improved digging technology.

A Tesla Model S inside a Boring Co. tunnel. [Credit: Elon Musk/Instagram]

Although the Boring Company hasn’t captured many headlines since its Monty Python watchtower days since its Hawthorne test tunnel completion, interest in the developed technology hasn’t waned with those who could benefit from its potential. In Las Vegas, a proposed two-mile transport line to be constructed by Musk’s company was recently approved by the city’s Convention and Visitors Authority board of directors. As planned, a series of underground tunnels will be dug by Boring, encompassing the local convention center and possibly expand to the McCarran International Airport. The estimated cost is between $35 and $55 million, and its completion set for the end of 2019, according to Musk.

The Boring Company’s planned high-speed transit tunnel connecting O’Hare International Airport with downtown Chicago is also still in the works despite criticism from local officials. Musk has estimated a cost of around $1 billion for the 18-mile project, none of which will be a taxpayer burden due to private investment. These private funding plans are a big source of skepticism surrounding Musk’s tunneling project, but enough support within Chicago’s government remains to continue moving forward.

The Hawthorne test tunnel, debuted on December 18th last year with fanfare and test rides, was constructed using a conventional tunnel boring machine (TBM) nicknamed Godot. The next iteration of Boring’s machines, an upgraded hybrid TBM named Line-Storm, will be operational any day now, according to Musk via Twitter. “Maybe active in a month or so. Focus right now is getting to high speed, tight follow distance in test tunnel,” he tweeted in reply to a status inquiry about Line-Storm at the end of February this year.

The Boring Company’s Urban Loop pod concept. [Credit: The Boring Company]

Line-Storm is estimated to be twice as fast as Gadot and will be succeeded by the all-electric Prufrock, a TBM being completely designed and built by The Boring Company. Prufrock will be 10-15x faster than than conventional machines, plus meet the energy and environmental standards driving all of Musk’s companies by having zero emissions.

Just as with Tesla’s Full Self-Driving technology, though, The Boring Company’s projects face regulatory hurdles and pushback that will likely be a determining factor in whether or not its many projects succeed. It remains to be seen whether Israel will have the same legal obstacles if its Prime Minister’s discussions with Musk manifest into any solid agreements.

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Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

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Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

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Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

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Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

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