Boxabl Officially Completes $9.2 Million U.S. Government Order
And it looks like they have several more large orders lined up.
Boxabl has, understandably, been making waves recently. Despite only being founded in 2017, they secured a $9.2 million contract with the U.S. government, then managed to raise funds, build the factory, and complete the order in just a few short years. According to a recent announcement, that contract was just completed. This is definitely a big step for the company, and it’s been awesome to see this potentially industry changing company go from a startup to a billion dollar company. This has been a awesome journey to follow, and I am sure even more rewarding for the founders. Along the way, they managed to land themselves in the news a few times by getting a Boxabl on SpaceX’s ‘Starbase’ and tweeted about by Elon Musk. They recently announced a partnership with D.R. Horton, the largest U.S. Homebuilder in which D.R. Horton actually invested in Boxabl, and ordered an initial 100 Boxabl’s. On top of this, they have over a hundred million dollars in paid deposits, and as much as billions in reservations. They are currently raising at a $3 billion valuation, and sitting at tens of million in revenue so while this isn’t a small company, they are continuing to make massive progress. This is especially true given the fact that about a year ago, no factory really existed.
