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

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.

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

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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