Internship
Corporate Affairs Intern
Fall 2024
Posted on 11/6/2024
The Boring Company
501-1,000 employees
Constructs underground tunnels for urban transportation
Las Vegas, NV, USA
Position requires onsite presence in Las Vegas, NV.
- Currently enrolled in or recently graduated from college or law school
- Excellent grades and strong record of academic achievement
- Strong writing skills
- Strong interpersonal skills and ability to work effectively in a team environment, accomplishing tasks with limited resources at a rapid pace
- Assist with development of ongoing and future projects, including our recently approved Vegas Loop
- Conduct research on a wide range of business and legal issues
- Support the deal-making process from start to finish, e.g., from structuring the business model to negotiating the contract
- Assist with on-the-ground operations, compliance, real estate, and other matters
The Boring Company focuses on improving urban transportation by building underground tunnels to reduce traffic congestion. Its main product is a network of subterranean tunnels that allow for quick, direct travel between points without the disruptions of surface traffic. The company uses advanced tunneling technology, specifically the Prufrock Tunnel Boring Machine, which can dig tunnels at a rate of one mile per week, making the process faster and more cost-effective than traditional methods. Unlike competitors, The Boring Company emphasizes the construction of weatherproof tunnels that do not interfere with existing infrastructure. Its goal is to create efficient transportation solutions that can scale with urban growth, ultimately enhancing city infrastructure and providing a zero-emissions public transit option through its Loop system.
Company Stage
Series C
Total Funding
$882.8M
Headquarters
Bastrop, Texas
Founded
2016
6 month growth
↑ 16%1 year growth
↑ 31%2 year growth
↑ 66%
Simplify's Take
What believers are saying
- Recent land purchases in Vegas indicate strategic expansion of the Loop system.
- Employee share sale increased valuation, showing strong investor confidence.
- Closure of Hyperloop One opens market opportunities for The Boring Company.
What critics are saying
- Safety violations in Vegas tunnel could lead to fines and project delays.
- Environmental violations may result in legal challenges and increased costs.
- Expansion plans increase financial risk if demand or regulations falter.
What makes The Boring Company unique
- The Boring Company uses proprietary Prufrock TBM for faster, cost-effective tunneling.
- Their Loop system offers zero-emissions, direct-to-destination underground transit.
- Weatherproof tunnels avoid interference with existing transportation systems.
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Benefits
Medical, dental, & vision coverage
401(k)
Paid holidays
Paid vacation
Competitive equity