November 14, 2024 1:31 AM | 2 min read — The Boring Company (@boringcompany) November 13, 2024 The Boring Company was founded by Musk in 2017 as a subsidiary of SpaceX but spun off a year later. The company is currently making underground tunnels or loops aimed at resolving traffic in congested cities. Why It Matters: Starship, the key to Musk’s dreams of taking humans to the Moon and Mars, is currently in the testing and development phase. In September, Musk said that the first Starship launch to Mars is expected in 2026 and that it will not have a crew on board. Provided that the uncrewed flights do well, the first crewed flights to Mars will be in 4 years, Musk then said, pegging the first crewed Starship flights to Mars for 2028. Musk has often reiterated his dreams of taking humans to Mars and building a self-sustaining city on the red planet. The CEO in September said that the company is now eyeing building a self-sustaining Martian city in about 20 years. However, Starship has had only five test flights to date and is yet to carry any payload to space. Its next and sixth flight is expected as early as Nov. 18. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: