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The Boring Company raises $3bn at a $23bn valuation, led by the UAE — Blankdot

thenextweb.com1 week ago

The Boring Company raises $3bn at a $23bn valuation, led by the UAE

The Boring Company raises $3bn at a $23bn valuation, led by the UAE

Elon Musk’s tunnelling company has raised $3bn at a valuation of $23bn, led by the United Arab Emirates and affiliated investment entities, four times what it was worth in 2022, and a long way from the Washington to New York hyperloop announced in 2017. The money is earmarked for more than 150km of…

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