The Boring Company Seeks New Funding at About $20 Billion Valuation
2026-07-25 01:03:39
The Boring Company, the tunnel-building company founded by Elon Musk, is seeking new funding that would value it at about $20 billion. According to ChainCatcher, the company was founded in 2016 and develops underground transportation tunnel technology aimed at easing urban traffic congestion. It currently operates the Vegas Loop project in Las Vegas and plans to expand underground transit networks to more U.S. cities.
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