tunneling

Boring Company raises $3B at $23B valuation, led by UAE

The Boring Company closed a $3 billion Series D round led by the UAE, valuing Elon Musk's tunneling venture at $23 billion — roughly four times its 2022 valuation. The funding will scale Loop projects and Prufrock boring machine R&D, with the UAE also committed as the customer for 150+ km of new tunnels.