Elon Musk's Boring Company is now
claiming that it is a small business and so qualifies for contracts
reserved for such entities.
Not long after Donald Trump won the 2024 election, Elon Musk’s $7 billion tunneling company registered as a small business on a government portal for federal contractors. The Boring Company registered with the System for Award Management portal, better known as SAM.gov, on November 12, 2024, exactly one week after Trump’s victory. Some federal government contracts are designated only for qualified small businesses. Its decision to file as a small business suggests that Boring, despite its substantial valuation, has failed to generate meaningful income.
I think that the author of this article, Caleb Ecarma, is missing the forest for the trees. This is not a case of a failed business, this is a case of fraud against the people of the United States of America.
This company has raised and spent hundreds of millions of dollars. The lede is that this is the sort of fraud that Elon Musk rails against.
………
The company, which is based near Austin, Texas, has built just a few miles of commercial tunnels, all of which are located in Las Vegas, Nevada. Its failure to generate substantive business could explain why it would seek federal funding from a White House that has proven to be partial to Musk’s business interests. A senior Trump adviser, Musk also leads the Department of Government Efficiency (DOGE), the White House’s austerity and parapolitical initiative. Steve Davis, the president of the Boring Company, is reportedly in charge of DOGE’s day-to-day operations.
It appears to me that DOGE has a bird's eye view of the shenanigans, and so should be able to stop them.
This is not a case of a badly run business, this is a crime.
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