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Elon Musk's tunnel construction firm, The Boring Company, has reached a $23 billion valuation following a new fundraising round. The company is also exploring expansion opportunities in the Middle East to support its growth ambitions.
Elon Musk's tunnel construction venture, The Boring Company, has achieved a $20 billion valuation following its most recent equity financing round reported by the Wall Street Journal.
The Boring Company raised $3 billion in a UAE-led funding round, giving Elon Musk's tunnel startup a valuation of $23 billion and supporting 150km of tunnels in the UAE.
The Boring Company is actively approaching investors to secure backing for business growth and talent acquisition amid ongoing operational scaling efforts.
Elon Musk’s infrastructure company, The Boring Company, announced plans to construct 150 kilometers of tunnels across the United Arab Emirates, raising Dh11 billion for the project.