We just got our first glimpse of Elon Musk's new tunnel company

Elon Musk's tunnel boring company is coming to life.

Steve Davis, a senior SpaceX engineer who Musk tapped to lead the project, posted a photo of the company's first tunnel boring machine on Thursday. The machine clearly displays the company's logo: The Boring Company.

The SpaceX and Tesla CEO first floated the idea of launching a tunnel boring company in December when he was stuck in Los Angeles traffic.

Musk began digging a "demo tunnel" in the SpaceX parking lot in February that can accommodate cars and serve as the basis for an underground transportation network, Bloomberg reported at the time. Musk doesn't need permits to dig on SpaceX's campus, but will need to acquire permits with the city of Los Angeles to extend the tunnel beyond the property line.

Musk plans to build an underground network that "includes as many as 30 levels of tunnels for cars and high-speed trains such as the Hyperloop," according to the Bloomberg report. He has already acquired the domain name BoringCompany.com.

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