The Boring Company Raises $3 Billion At $23 Billion Valuation To Expand Underground Transit Network
By Amit Chowdhry ● Yesterday at 4:46 PM
The Boring Company has raised $3 billion in new funding at a $23 billion valuation as Elon Musk's tunnel construction company expands underground transportation projects in the United Arab Emirates, Las Vegas, Nashville and Dubai. The financing was led by the United Arab Emirates and affiliated investment entities. Other participants included Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, Temasek, Shamal Holding and Baron Capital, according to Reuters.