Elon Musk’s underground transportation bet could soon be worth $20 billion. The Boring Company is in talks to raise around $4 billion from investors at a valuation of roughly $20 billion, according to The Wall Street Journal. The deal has not yet closed and its size and terms could still change. If completed at that valuation, it would mark a dramatic jump for the tunnelling startup. The company was valued at about $5.7 billion in 2022, when it raised $675 million from investors including Sequoia Capital, Vy Capital and Founders Fund.<h2>What exactly does The Boring Company do?</h2>Musk created The Boring Company around a simple but ambitious idea: instead of endlessly expanding congested roads, cities could move some traffic underground. Its best-known operating system is in Las Vegas, where Tesla vehicles transport passengers through tunnels and surface routes connecting stations around the Las Vegas Convention Center and Strip. But the company’s ambitions stretch much further. It is developing the Music City Loop in Nashville, designed to connect downtown with Nashville International Airport. The company says the journey could take around nine minutes.<h2>From Las Vegas to Dubai</h2>Dubai is another major test. The Boring Company has signed an agreement with Dubai’s Roads and Transport Authority for the Dubai Loop. Its pilot system is planned to include 6.4 kilometres of tunnel and four stations. These projects could help determine whether Musk’s tunnel concept can grow from a relatively small Las Vegas network into a transport system that cities around the world are willing to adopt.<h2>But Boring Company has faced problems</h2>The expansion has not been without controversy. Nevada regulators accused The Boring Company in 2025 of hundreds of environmental violations connected with its Las Vegas construction activities. The company disputed the allegations. Several other projects pitched over the years, including ideas for Baltimore, Chicago and Los Angeles, have also failed to develop into operating networks.That makes the reported $20 billion valuation particularly notable. Investors would effectively be betting that The Boring Company can turn its tunnelling technology and Loop concept into a much larger global infrastructure business. The reported fundraising has not been finalised. But if it closes near the proposed valuation, Musk’s underground transport experiment will have become nearly four times as valuable as it was just four years ago.

Elon Musk’s Boring Company is reportedly seeking around $4 billion at a $20 billion valuation, up sharply from $5.7 billion in 2022. The funding talks come as the tunnelling startup expands its Loop projects from Las Vegas to Nashville and Dubai.


Elon Musk’s underground transportation bet could soon be worth $20 billion. The Boring Company is in talks to raise around $4 billion from investors at a valuation of roughly $20 billion, according to The Wall Street Journal. The deal has not yet closed and its size and terms could still change. If completed at that valuation, it would mark a dramatic jump for the tunnelling startup. The company was valued at about $5.7 billion in 2022, when it raised $675 million from investors including Sequoia Capital, Vy Capital and Founders Fund. What exactly does The Boring Company do? Musk created The Boring Company around a simple but ambitious idea: instead of endlessly expanding congested roads, cities could move some traffic underground. Its best-known operating system is in Las Vegas, where Tesla vehicles transport passengers through tunnels and surface routes connecting stations around the Las Vegas Convention Center and Strip. But the company’s ambitions stretch much further. It is developing the Music City Loop in Nashville, designed to connect downtown with Nashville International Airport. The company says the journey could take around nine minutes. From Las Vegas to Dubai Dubai is another major test. The Boring Company has signed an agreement with Dubai’s Roads and Transport Authority for the Dubai Loop. Its pilot system is planned to include 6.4 kilometres of tunnel and four stations. These projects could help determine whether Musk’s tunnel concept can grow from a relatively small Las Vegas network into a transport system that cities around the world are willing to adopt. But Boring Company has faced problems The expansion has not been without controversy. Nevada regulators accused The Boring Company in 2025 of hundreds of environmental violations connected with its Las Vegas construction activities. The company disputed the allegations. Several other projects pitched over the years, including ideas for Baltimore, Chicago and Los Angeles, have also failed to develop into operating networks. That makes the reported $20 billion valuation particularly notable. Investors would effectively be betting that The Boring Company can turn its tunnelling technology and Loop concept into a much larger global infrastructure business. The reported fundraising has not been finalised. But if it closes near the proposed valuation, Musk’s underground transport experiment will have become nearly four times as valuable as it was just four years ago.

Elon Musk’s Boring Company is reportedly seeking around $4 billion at a $20 billion valuation, up sharply from $5.7 billion in 2022. The funding talks come as the tunnelling startup expands its Loop projects from Las Vegas to Nashville and Dubai.

Elon Musk’s Boring Company eyes $20 billion valuation, seeks $4 billion in fresh funding: Report

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion.

The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported.

The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine.

The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million.&nbsp;

Musk had earlier sold Boring Company hats and flamethrowers to raise funds.

The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles.

Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out.

The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp.

Also read |&nbsp;<a href="https://www.wionews.com/technology/elon-musk-tweets-against-woke-netflix-days-after-twitter-takeover-announcement-472362">Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement</a>

Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer.

His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public.

Also read |&nbsp;<a href="https://www.wionews.com/world/worlds-richest-man-elon-musk-says-he-is-homeless-472174">World’s richest man Elon Musk says he is homeless</a>

The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private.

Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/elon-musk-willing-to-invest-15-billion-of-his-money-to-buy-twitter-472314/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

(With inputs from agencies)

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.

Elon Musk’s start-up The Boring Company, which builds underground highways to ease traffic congestion, has raised $675 million in Series C round, bringing its valuation up to $5.7 billion. The round was led by Vy Capital and Sequoia Capital, with participation from other investors Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth, Bloomberg reported. The Texas-based company, which specialises in shorter trips within cities, has been planning to expand its workforce in engineering, operations, and production to scale up its Loop project and accelerate the research and development of Prufrock, the company’s next generation tunnelling machine. The fresh funding comes three years after Boring Co. raised $120 million at a valuation of $920 million. Musk had earlier sold Boring Company hats and flamethrowers to raise funds. The tunnelling company launched its commercial project in Las Vegas in June last year to transport visitors through the city's Convention Center using human-driven Tesla vehicles. Apart from that, its other projects in Chicago, Los Angeles, and a connection between Washington and Baltimore have fizzled out. The new funding round includes strategic investments by real estate companies, including Brookfield, Lennar Corp., Tishman Speyer and Dacra Development Corp. Also read | Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement Last week, Musk attempted a hostile takeover of Twitter Inc with his $43 billion cash offer. His offer price of $54.20 per share was a 38 per cent premium to Twitter's April 1 close, the last trading day before his 9.1 per cent stake in the social media platform was made public. Also read | World’s richest man Elon Musk says he is homeless The New York Post on Tuesday citing sources said that Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private. Watch | Elon Musk willing to invest $15 billion of his money to buy Twitter (With inputs from agencies)

Elon Musk’s Boring Company’s valuation up to $5.7 billion after latest funding round

The Boring Company, <a href="http://www.wionews.com/world/elon-musks-teslaquila-drink-faces-clash-with-mexican-tequila-industry-177254">Elon Musk</a>'s underground transit venture, planned to unveil of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to "just start digging" as a remedy.

Musk has advertised his 2-mile (3.2 km) tunnel as the first step towards developing a high-speed subterranean network for whisking vehicles and pedestrians below the congested streets of the second-largest city in the United States.

The tunnel, an initial proof-of-concept, has been excavated along a path that runs not through Los Angeles but beneath the tiny adjacent municipality of Hawthorne, where Musk's Boring Company and his SpaceX rocket firm are both headquartered.

The Boring Company announced plans for a live webcast on Tuesday at 8 pm&nbsp;local time (0400 GMT) of what it called a "product launch" for the tunnel, but gave scant details.

In a tweet earlier this month, Musk said the big reveal would include "autonomous transport cars &amp; ground to tunnel elevator cars."

Boring's website describes a system of passenger- and automobile-carrying "skates" that can zip through the tunnels by way of electric power once they are lowered underground from street level.

Musk, best known as head of the Tesla Inc&nbsp;electric car manufacturer and energy company, launched his foray into public transit after complaining in December 2016 that LA's traffic was "driving me nuts," promising then to "build a boring machine and just start digging."

In May, the company gave the world a preview of the first tunnel, posting a fast-forward video of the interior shot by a camera travelling the length of the cylindrical passageway, which measures about 12 feet (3.7 m) in diameter.

Musk also created a stir by promising free trips through the tunnel once it opened - "like a weird little Disney ride in LA" - to get public feedback before proceeding with a larger system.

It remained doubtful, however, whether permits Musk received to dig what was then billed as an experimental tunnel would allow the public inside.

"There will be no cars or people in the research tunnel," according to the minutes of a special Hawthorne City Council meeting in August 2017 to review an easement for the project.

On its website, the Boring company said that "due to unbelievably high demand, tours through the Hawthorne test tunnel are by invitation only."

If successful, the Hawthorne tunnel is envisioned as eventually connecting to a network of other tunnels, yet to be approved or built.

Last month, the Boring Company scrapped plans for a slightly longer 2.7-mile segment under a West Los Angeles neighbourhood, settling litigation brought by community groups opposed to that project.

But Musk's company announced it was moving ahead with a proposed tunnel across town to connect Dodger Stadium, home of the city's Major League Baseball team, to the existing subway line.

In June, Boring was selected by the city of Chicago to build a 17-mile underground transit system linking that city's downtown to O'Hare International Airport. The company also has proposed an East Coast Loop that would run from Washington, DC, out to the Maryland suburbs.

The Boring Company, Elon Musk's underground transit venture, planned to unveil of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to "just start digging" as a remedy.

The Boring Company, Elon Musk's underground transit venture, planned to unveil of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to "just start digging" as a remedy. Musk has advertised his 2-mile (3.2 km) tunnel as the first step towards developing a high-speed subterranean network for whisking vehicles and pedestrians below the congested streets of the second-largest city in the United States. The tunnel, an initial proof-of-concept, has been excavated along a path that runs not through Los Angeles but beneath the tiny adjacent municipality of Hawthorne, where Musk's Boring Company and his SpaceX rocket firm are both headquartered. The Boring Company announced plans for a live webcast on Tuesday at 8 pm local time (0400 GMT) of what it called a "product launch" for the tunnel, but gave scant details. In a tweet earlier this month, Musk said the big reveal would include "autonomous transport cars & ground to tunnel elevator cars." Boring's website describes a system of passenger- and automobile-carrying "skates" that can zip through the tunnels by way of electric power once they are lowered underground from street level. Musk, best known as head of the Tesla Inc electric car manufacturer and energy company, launched his foray into public transit after complaining in December 2016 that LA's traffic was "driving me nuts," promising then to "build a boring machine and just start digging." In May, the company gave the world a preview of the first tunnel, posting a fast-forward video of the interior shot by a camera travelling the length of the cylindrical passageway, which measures about 12 feet (3.7 m) in diameter. Musk also created a stir by promising free trips through the tunnel once it opened - "like a weird little Disney ride in LA" - to get public feedback before proceeding with a larger system. It remained doubtful, however, whether permits Musk received to dig what was then billed as an experimental tunnel would allow the public inside. "There will be no cars or people in the research tunnel," according to the minutes of a special Hawthorne City Council meeting in August 2017 to review an easement for the project. On its website, the Boring company said that "due to unbelievably high demand, tours through the Hawthorne test tunnel are by invitation only." If successful, the Hawthorne tunnel is envisioned as eventually connecting to a network of other tunnels, yet to be approved or built. Last month, the Boring Company scrapped plans for a slightly longer 2.7-mile segment under a West Los Angeles neighbourhood, settling litigation brought by community groups opposed to that project. But Musk's company announced it was moving ahead with a proposed tunnel across town to connect Dodger Stadium, home of the city's Major League Baseball team, to the existing subway line. In June, Boring was selected by the city of Chicago to build a 17-mile underground transit system linking that city's downtown to O'Hare International Airport. The company also has proposed an East Coast Loop that would run from Washington, DC, out to the Maryland suburbs.

Elon Musk's Boring Company to unveil its first underground tunnel in Los Angeles

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Elon Musk’s Boring Company eyes $20 billion valuation, seeks $4 billion in fresh funding: Report

Elon Musk’s Boring Company’s valuation up to $5.7 billion after latest funding round

Elon Musk's Boring Company to unveil its first underground tunnel in Los Angeles