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Boring Company Investor's Thread

Discussion in 'The Boring Company' started by EinSV, Jun 30, 2020.

  1. EinSV

    EinSV Active Member

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    The Boring Company is early in its life but, like other Elon Musk ventures, seems to have tremendous potential.

    With so many of us missing out on the opportunity to invest in Tesla and SpaceX as early-stage startups I thought it might be a good idea to start a thread to share information about potential Boring Company investment opportunities, as well as to share analysis and information that might be helpful to assess The Boring Company as a potential investment if and when the opportunity presents itself.

    Please share your thoughts, info and rumors about the Boring Company as a potential investment opportunity here.
     
    • Like x 3
  2. EinSV

    EinSV Active Member

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    I haven't had a chance to dig into the details of the Boring Company's Las Vegas projects, but the economics of its proposed project at Ontario Airport are staggering.

    The Ontario Airport Loop [Boring Company project] is expected to cost between $45-$60 million, though the project’s entire cost could reach about $75 million when the price of adding an operations center, management services, and operators’ wages is added. Yet despite this, $75 million is still a far cry from the estimated $1-$1.5 billion light rail extension that was also being considered.
    Even if this is a bit of an early stage "loss leader," at 5% of the cost of light rail -- and with much faster expected construction -- it should certainly get people's attention! It has mine.

    Elon Musk's Boring Company becomes frontrunner for Ontario Airport high-speed tunnel
     
    • Like x 2
  3. Xepa777

    Xepa777 Member

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    When someone figures out a platform that has available shares please let us all here know along with minimum buy in so we can all chip in! I can be good for 150k or so.
     
    • Like x 2
  4. Brando

    Brando Active Member

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    Sadly, after 50 years of casual observation, my thoughts:
    Most government projects [local, country, state, federal] seem to often cost at least 4x what a business would pay.
    Why? simple/quick answer is corruption.
    Republican or Democrat - doesn't matter - greed has no politics nor do suppliers/contractors.

    You see the difference with SpaceX and the Boring Co.
     
  5. Cosmacelf

    Cosmacelf Well-Known Member

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    Yes, that 15x cost in Ontario is not an outlier. The simple Las Vegas loop connecting three convention halls was 10x cheaper than a competing bid. Boring company, just like all the other companies Elon is involved in, is a massive game changer. That’s why I want to invest.
     
    • Like x 4
  6. Brando

    Brando Active Member

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    Back in the 1950s it was only twice as much. With inflation (thank god we don't have any) it is up to 15x.

    ULA gets +$1,000,000,000. just to be ready to bid on a launch per year. Last I checked it was about $400,000,000 per launch.
    Please check SpaceX.com for current prices. See what fairness/honesty looks like.

    First cable TV was $3.50 per month. Sold and new owners would increase the monthly fee. I think it only took about a year to get to $6.50 and maybe 3 different owners. I never cared much for TV, so I didn't pay much attention.
     
  7. abasile

    abasile Conscientious investor

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    If you have a SharesPost account (easy to create), there is a form whereby you can add The Boring Company to your watchlist. Search for Boring, then click the Buy button. They ask for the number of shares that you want to buy and the share price range. Since it is unknown (at least to me) how much the shares have actually sold for, you can put in very broad ranges for the share count and price. Might as well try.

    With the right contacts, one could of course directly contact an owner of Boring shares, and thus avoid paying the SharesPost commission. However, I feel that their commission is a reasonable price to pay to have access to an amazing opportunity, and SharesPost does claim that they carefully vet each opportunity.
     
    • Like x 1
  8. Cosmacelf

    Cosmacelf Well-Known Member

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    That’s the thing that immediately put me off Sharespost. How can you know the price per share value of a private company? It could literally be anywhere from $0.01 per share to $10,000 per share. So why does Sharespost ask you for it?
     
    • Like x 1
  9. abasile

    abasile Conscientious investor

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    It is kind of silly that one can't simply leave that part of the form blank, or perhaps specify a rough dollar amount. In some cases, such as with SpaceX, there have been public indications of the share price and number of shares issued, and it follows that a prospective buyer might have a target price in mind. In any event, SharesPost is not treating whatever one submits on that form to be a binding commitment to buy at a certain price; it's just an expression of interest.
     
    • Like x 1
  10. UkNorthampton

    UkNorthampton TSLA - 12+ startups in 1

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    #10 UkNorthampton, Jul 22, 2020
    Last edited: Jul 22, 2020
    Wrote this in Tesla thread - I'll put here instead and remove spoiler tags

    Cross link to SpaceX investors - SpaceX investor's thread

    Google Sheets headings (comma separated)

    Ticker,Exchange,Manual name,Name lookup,%SpaceX,Currency,income dividend,expense ratio,Fee (manual),,UK Invest,Cost/share,Link

    Some Formulas

    = GOOGLEFINANCE($A3,"name")
    = GOOGLEFINANCE($A3,"currency")
    = GOOGLEFINANCE($A3,"incomedividend")
    = GOOGLEFINANCE($A3,"expenseratio")




    Sorry if regarded as off-topic, but The Boring Company has been mentioned a lot and I think it is a key enabler of Tesla and EVs in general. [Now You Know videos show build a tunnel, sell more Teslas]

    I'm trying to get a list of securities as proxy for SpaceX that I (UK) and others (USA, EU, RoW) can buy

    I've got a list below, but percentages of fund in SpaceX for only a few. It's in a google spreadsheet that I cannot share, but I can post formulas when complete.

    I'm hoping someone has already done this or similar work. I want to buy SpaceX - with as high a % of fund as possible in the UK. Any help appreciated.

    Funds in spoiler to save space.

    Ticker Exchange Manual name Name lookup %SpaceX
    _ Space Exploration Technologies Corp _Space Exploration Technologies Corp
    BATS: PRNT ARK ETF TR/3D PRTG ETF
    NYSEARCA:ARKF ARK ETF TR/FINTECH INNOVATION ETF
    BATS:ARKG ARK ETF TR/GENOMIC REVOLUTION
    BATS:ARKG ARK ETF TR/GENOMIC REVOLUTION
    BATS:ARKQ ARK ETF TR/INDL INNOVATION ETF
    BATS:ARKQ ARK ETF TR/INDL INNOVATION ETF
    NYSEARCA:ARKK ARK ETF TR/INNOVATION ETF
    NYSEARCA:ARKK ARK ETF TR/INNOVATION ETF
    BATS:IZRL ARK ETF TR/ISRAEL INNOVATIVE T
    NYSEARCA:ARKW ARK ETF TR/WEB X.0 ETF
    NYSEARCA:ARKW ARK ETF TR/WEB X.0 ETF
    LON:USA Baillie Gifford US Growth Baillie Gifford US Growth Trust PLC
    MUTF:BFTUX Baron Fifth Avenue Growth Fund Class R6
    MUTF:BFTHX Baron Fifth Avenue Growth Fund Retail Class
    MUTF:BFGIX Baron Focused Growth Fund Institutional Shares 3.90%
    MUTF:BFGUX Baron Focused Growth Fund R6 Shares
    MUTF:BFGFX Baron Focused Growth Fund Retail Shares
    MUTF:BPTIX Baron Partners Fund Institutional Shares 4.00%
    MUTF:BPTRX Baron Partners Fund Retail Shares 4%
    LON:EWI Edinburgh Worldwide (EWI) Edinburgh Worldwide Investment Trust plc
    MUTF:FBGRX Fidelity® Blue Chip Growth Fund
    MUTF:FCNTX Fidelity® Contrafund® Fund
    MUTF:FOCPX Fidelity® OTC Portfolio
    LON:SMT Scottish Mortgage (SMT) Scottish Mortgage Investment Trust PLC
     
  11. UkNorthampton

    UkNorthampton TSLA - 12+ startups in 1

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    Signed up. You have to sign a Non-Disclosure Agreement and expressions of interest are non-binding.

    Any other ideas are welcome! I really want exposure to all of Elon's endeavours, but The Boring Company intrigues me.
     
  12. Gree23849

    Gree23849 Member

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    Location:
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    I am no mathematical expert, but I've been looking into the true cost of boring as far as Urban Development is concerned. At Elons estimate of the ability to get boring down to a cost of 10 mil per mile, and considering the incredible value of property in most major cities, if the interstates within major cities were bored, leaving property values to increase and to sell, there could potentially be major profits, some double the cost to bore. Im an absolute fan of this, and following in on potential investment opportunities.
     
    • Like x 1
  13. ThomasD

    ThomasD Member

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    Location:
    florida
    Who will be responsible for maintenance and repair of these tunnels when they are completed? If it's Tesla will they charge to use the tunnels to cover maintenance costs
     
  14. Gree23849

    Gree23849 Member

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    Messages:
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    Location:
    Carlsbad, NM
    I'd assume a tad bit less maintenance cost because lack of weathering (ice and snow) and close to constant underground conditions would reduce cracking? I procure for a county and our roadway maintenance costs are surprising.... couldn't be too much more, but I am no expert
     
  15. MP3Mike

    MP3Mike Well-Known Member

    Joined:
    Feb 1, 2016
    Messages:
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    Location:
    Oregon
    Why would Tesla be paying for maintenance? They aren't involved other than providing cars for the Boring Co to run in the tunnel.

    I don't know the details of the contract of who will be running the service if it will be the Boring Co other the city/conference center.
     

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