Musk's The Boring Company to expand Vegas Loop to 18 new stations

The Boring Company, Elon Musk's project to build underground highways to alleviate traffic congestion, received approval Wednesday to expand its "Vegas Loop," an underground tunnel system beneath Las Vegas that shuttles passengers via Tesla vehicles.

The expansion, approved by Clark County, Nevada commissioners, will expand the network by 25 miles, allowing for 18 new stations that extend the tunnel network out from the Las Vegas Strip corridor.

TechCrunch recently reported on the proposed expansion, which would increase the underground transport system to 65 miles of tunnels underneath Sin City designed to help people reach more casinos, retail zones, the University of Nevada Las Vegas campus and residential areas.

The system was originally planned to feature 29 miles of tunnels with 51 stations. The Vegas Loop's current footprint is about 2.2 miles, and it includes five stops including four around the Las Vegas Convention Center and Resorts World. Westgate and Encore are currently under construction. The company said it just surpassed 1 million total passengers, and that the peak in one day was more than 32,000 passengers.

The commission approved the updated plan in a 6-1 vote after TBC attorney Stephanie Allen confirmed that the company, not the taxpayer, would fund the project entirely. Last year, TBC raised $675 million to scale Loop projects such as this one.