The Boring Company is expected to purchase 1.3 acres of land near the Thomas & Mack Center from the University of Nevada, Las Vegas (UNLV). Located on the corner of Tropicana Avenue and University Center Drive, the property, which currently serves as a parking lot, is expected to host a Vegas Loop station.
A land agreement is set for review at the meeting of the Nevada System of Higher Education (NSHE) Board of Regents on March 9. If approved, the Boring Company Loop station will “provide service from the UNLV campus to multiple destinations, which will likely include the convention center, Las Vegas Boulevard, and possibly Allegiant Stadium, Harry Reid International Airport, and LVMD,” as per a briefing paper on the proposed project.
NSHE documents suggest that The Boring Company initiated the land deal as part of its efforts to build out the Vegas Loop system. The Boring Company is determined to purchase the parcel of land at a fair price. “The sale price will be no less than the appraised value of the property, to be determined by a licensed real estate appraiser(s), in accordance with Board of Regents’ policies and procedures,” the document read.
The briefing paper on the Loop station also highlighted a key benefit for the proposed Vegas Loop station, particularly for UNLV students. “The location of a Vegas Loop station on the Property will provide students with another transportation option for accessing employment centers throughout the Las Vegas valley,” the paper read.
Provided that the proposal is approved, the purchase and sale agreement for the upcoming Vegas Loop station will be completed sometime in June. The ULNV station could serve as a connector to Allegiant Stadium and the Las Vegas Convention Center once the Vegas Loop is built out further, as noted in a report from the Las Vegas Sun.
The filing also noted that the Vegas Loop system has earned a gold standard award from the US Department of Homeland Security. This is an important designation, as the system requires Homeland Security approval for SEAR Level 1 events, as noted in a Las Vegas Review-Journal report. SEAR Level 1 represents the highest threat level classification for an event, such as the Super Bowl.
“Clark County and the City of Las Vegas voted unanimously to support the Vegas Loop transportation system. The Vegas Loop project also received a “gold standard” award from Homeland Security. The Vegas Loop stations and tunnels will have security cameras that will be monitored 24 hours a day, seven days a week. The system will serve as a personalized mass transit option consisting of 69 planned stations incorporated into a 65-mile tunnel system. As now envisioned, once fully operational, the Vegas Loop system will serve up to 57,000 passengers per hour at a sample fare rate of $6.00 to $12.00,” the document read.
The Boring Company’s Vegas Loop is expected to comprise 69 stations throughout Las Vegas Boulevard, downtown Las Vegas, and other notable locations. The Las Vegas Convention Center, which already hosts a working Loop system, is expected to serve as a central charging station for the Teslas used in the transportation network.
Below is the briefing paper for the Vegas Loop station.
BFF-12 by Maria Merano on Scribd
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Elon Musk
Brazil Supreme Court orders Elon Musk and X investigation closed
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
Brazil’s Supreme Federal Court has ordered the closure of an investigation involving Elon Musk and social media platform X. The inquiry had been pending for about two years and examined whether the platform was used to coordinate attacks against members of the judiciary.
The decision was issued by Supreme Court Justice Alexandre de Moraes following a recommendation from Brazil’s Prosecutor-General Paulo Gonet.
According to a report from Agencia Brasil, the investigation conducted by the Federal Police did not find evidence that X deliberately attempted to attack the judiciary or circumvent court orders.
Prosecutor-General Paulo Gonet concluded that the irregularities identified during the probe did not indicate fraudulent intent.
Justice Moraes accepted the prosecutor’s recommendation and ruled that the investigation should be closed. Under the ruling, the case will remain closed unless new evidence emerges.
The inquiry stemmed from concerns that content on X may have enabled online attacks against Supreme Court justices or violated rulings requiring the suspension of certain accounts under investigation.
Justice Moraes had previously taken several enforcement actions related to the platform during the broader dispute involving social media regulation in Brazil.
These included ordering a nationwide block of the platform, freezing Starlink accounts, and imposing fines on X totaling about $5.2 million. Authorities also froze financial assets linked to X and SpaceX through Starlink to collect unpaid penalties and seized roughly $3.3 million from the companies’ accounts.
Moraes also imposed daily fines of up to R$5 million, about $920,000, for alleged evasion of the X ban and established penalties of R$50,000 per day for VPN users who attempted to bypass the restriction.
Brazil remains an important market for X, with roughly 17 million users, making it one of the platform’s larger user bases globally.
The country is also a major market for Starlink, SpaceX’s satellite internet service, which has surpassed one million subscribers in Brazil.
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Brazil Supreme Court orders Elon Musk and X investigation closed
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
