Elon Musk's tunneling startup, The Boring Company, raised $3 billion in a new financing round, the company announced on Wednesday. The funding round was led by the United Arab Emirates and valued The Boring Company at $23 billion. The UAE had previously awarded The Boring Company a contract to build one of its signature tunnels in Dubai.
Extract — continue reading at the source.
Similar stories
5 outlets
See how this story developed, hour by hour
Elon Musk's tunnel company just got a fresh $3 billion injection, thanks to the United Arab Emirates
finance.yahoo.com
11.09.2026
Katie Miller held a large stake in Elon Musk’s AI company as she bashed its rivals online: report
independent.co.uk
10.09.2026
Elon Musk is pulling in even more cash. Meet his $23 billion underground venture.
marketwatch.com
10.09.2026
The Boring Company raises $3B in round led by UAE
techcrunch.com
10.09.2026
Peter Thiel-Backed AI Startup Cognition Raises Funds at $48 Billion Valuation
wsj.com
09.09.2026
Related stories
Portfolio Diversification Is the Simplest Way to Lower Risk. Here's How I Build Mine.
China just launched a $19,170 electric vehicle
LPL Financial Group Managing Director Sells 308 Shares for $110,100
American Tower Sees 2026 Growth Trough Before 5G, AI and 6G Catalysts Lift Demand
AI Agents Create Their Own Monitoring Problem. Datadog and Dynatrace Are Racing to Own It
How Much Does a 61-Year-Old Need Invested to Collect $8,600 a Month for Life?