Senior Editor Stan is a Senior Editor at Mashable, where he has worked since 2007. He's got more battery-powered gadgets and band t-shirts than you. He writes about the next groundbreaking thing. Typically, this is a phone, a coin, or a car. His ultimate goal is to know something about everything. This Tweet is currently unavailable. It might be loading or has been removed. According to the project's documentation, Boring Company will receive the bulk of payments after it has already built the tunnels and infrastructure, and commenced vehicles testing. And it will have to pay hefty fines if it doesn't meet the goal of being able to transport 4,400 passengers per hour on a daily basis. Musk also revealed some additional details about the Loop. He says the project will consist of two tunnels, "about a mile long each." The Boring Company has already described potential expansion opportunities, including extending the Loop to "McCarran International Airport, hotels on the Las Vegas Strip, downtown Las Vegas, Las Vegas Stadium, and, in the long term, Los Angeles." The LVCC Loop is Boring Company's first commercial project. The company finished one tunnel, a two-mile test tunnel at the SpaceX headquarters in Hawthorne. The company's bid to build a tunnel in Chicago doesn't look likely at this point, while another bid to build a tunnel in West LA has fallen through. Featured Video For You