The Boring Company at a glance
As of- [1] Latest valuation: TechCrunch, September 10, 2026
- [2] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), September 10, 2026
- [3] Founded: Wikipedia (retrieved September 5, 2026)
- [4] Headquarters: Wikipedia (retrieved September 5, 2026)
What The Boring Company does
The Boring Company is Elon Musk's tunneling company, which builds machines it says can dig underground more cheaply than traditional construction firms.[1] It started inside SpaceX in 2017 and was spun off into a separate company the following year.[2] Its stated goal is to move vehicle travel into an underground, three-dimensional network of tunnels.[3] Most of its digging to date has been in Las Vegas, where it operates tunnels connecting hotel casinos and the convention center.[3] The Vegas Loop has carried more than four million passengers, according to Electrek as cited by Yahoo Finance.[4] Tennessee regulators granted the Nashville Music City Loop its permit in February 2026, and by August two Prufrock boring machines were running beneath the city.[4] Sequoia Capital, Andreessen Horowitz, Temasek, Valor Equity Partners, Vy Capital, Human Capital, Shamal Holding and Baron Capital also participated, the company said.[4] The company said the money is earmarked for more than 150 kilometers of underground infrastructure in the UAE, extending the Dubai Loop project.[4] SpaceX, which holds a stake in the company, recorded a $561 million unrealized gain on that stake in the third quarter of 2026.[2],[3]
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Company Snapshot
The Boring Company is a Infrastructure company, based in Bastrop, Texas, USA, founded 2017 by Elon Musk.
Recent changes
- Sep 10, 2026Sep 10, 2026Raised $3B Series D at a $23B valuation TechCrunch
- Sep 10, 2026Sep 10, 2026New investor: Andreessen Horowitz TechCrunch
- Sep 10, 2026Sep 10, 2026New investor: Sequoia Capital TechCrunch
- Sep 10, 2026Sep 10, 2026New investor: Valor Equity Partners TechCrunch
- Sep 10, 2026Sep 10, 2026New investor: Vy Capital TechCrunch
Earlier changes (2)
- Sep 10, 2026Sep 10, 2026Valuation rose from $5.7B to $23B TechCrunch
- 20222022First reported valuation: $5.7B TechCrunch
Funding history
1 equity event · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Sep 10, 2026 | Series D | $3B | $23Bpost-money | — | TechCrunch |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
How The Boring Company has been funded
On September 10, 2026 the company announced a $3 billion Series D led by the United Arab Emirates at a $23 billion valuation.[3] The $23 billion valuation is about four times the $5.7 billion valuation set in 2022 after a $675 million round, according to Reuters.[4]
Investors
Latest Pulse
- Sep 30, 2026General Intuition Closes $220M At $6.2BGeneral Intuition closed a $220 million round at a $6.2 billion valuation, confirming the mark Pulse reported the company approaching earlier this month.→
- Sep 25, 2026Venture's Quiet Return To $400M+ Mega-RoundsSix financings of $1 billion or more have closed in the past 30 days alone, per Pulse's own funding tracker -- a concentration of mega-checks that rivals 2021's zero-rate peak, just with real revenue attached this time.→
- Sep 14, 2026Nine US Rounds, $8.7B, Ten Days: September's Real PaceValue Add Pulse totaled the nine largest US venture rounds of September 5-11 and found $8.7 billion committed, with three deals at $1 billion or more.→
- Sep 11, 2026September's Megadeals Already Top $8 BillionSix companies -- The Boring Company, Cognition, Positron AI, Mach Industries, Harvey, and Ayar Labs -- have absorbed more than $8 billion in the first ten days of September, almost all of it into physical AI infrastructure and applied AI.→
- Sep 11, 2026The AI Infrastructure Bill Is Coming DueBetween Microsoft's 38-gigawatt data-center plan, Nvidia's 2-gigawatt Australian buildout and a wave of double-digit-billion-dollar infrastructure rounds this week, 2026's AI capex cycle is starting to look like a bet nobody has fully underwritten.→
- Sep 10, 2026Boring Company Raises $3B At $23B, UAE LeadsElon Musk's tunneling venture The Boring Company raised $3 billion in a Series D led by the UAE, valuing the company at $23 billion -- a fourfold increase from 2022 -- to fund more than 150 kilometers of new tunnels across the Emirates.→
- Jul 25, 2026Boring Company Talks $4B Raise at $20B ValuationElon Musk's Boring Company is reportedly in talks to raise $4 billion in new funding at a valuation of roughly $20 billion, more than triple its 2022 mark.→
- Jul 25, 2026Boring Company In Talks For $4B At $20B ValueElon Musk's tunneling startup The Boring Company is reportedly in talks to raise about $4 billion at a $20 billion valuation, more than tripling its last known price tag.→
Coverage Timeline
newest first- Sep 11, 2026FUNDINGSeptember's Megadeals Already Top $8 Billion→
- Sep 10, 2026FUNDINGBoring Company Raises $3B At $23B, UAE Leads$3B Series D at $23B valuation→
- Jul 25, 2026FUNDINGBoring Company Talks $4B Raise at $20B Valuation$4B at $20B Valuation→
- Jul 25, 2026FUNDINGBoring Company In Talks For $4B At $20B Value$4B at $20B Valuation→
All Coverage
FUNDING
September's Megadeals Already Top $8 Billion
Six companies -- The Boring Company, Cognition, Positron AI, Mach Industries, Harvey, and Ayar Labs -- have absorbed more than $8 billion in the first ten days of September, almost all of it into physical AI infrastructure and applied AI.
BY THE NUMBERS
Boring Company Raises $3B At $23B, UAE Leads
FUNDING$3B Series D at $23B valuation
Boring Company Raises $3B At $23B, UAE Leads
Elon Musk's tunneling venture The Boring Company raised $3 billion in a Series D led by the UAE, valuing the company at $23 billion -- a fourfold increase from 2022 -- to fund more than 150 kilometers of new tunnels across the Emirates.
DEEP DIVE
Boring Company Talks $4B Raise at $20B Valuation
FUNDING$4B at $20B Valuation
Boring Company Talks $4B Raise at $20B Valuation
Elon Musk's Boring Company is reportedly in talks to raise $4 billion in new funding at a valuation of roughly $20 billion, more than triple its 2022 mark.
Boring Company In Talks For $4B At $20B Value
FUNDING$4B at $20B Valuation
Boring Company In Talks For $4B At $20B Value
Elon Musk's tunneling startup The Boring Company is reportedly in talks to raise about $4 billion at a $20 billion valuation, more than tripling its last known price tag.
Value Add Research
- Market & Trends · Jul 27, 2026Boring Company Valuation 2026: $23B After $3B UAE Round
- Market & Trends · Oct 13, 2026September 2026's Biggest Startup Funding Rounds: $30.3B
- Market & Trends · Oct 2, 2026Venture Numbers, Reconciled: Why 2026 Trackers Disagree
- Market & Trends · Jun 14, 2026SpaceX S-1: $18.7B Revenue, 35% Adj. EBITDA Margin, 2026
Related Companies
The Boring Company FAQ
What is The Boring Company's valuation?
On September 10, 2026 the company announced a $3 billion Series D led by the United Arab Emirates at a $23 billion valuation.[3]
How much has The Boring Company raised?
Most of its digging to date has been in Las Vegas, where it operates tunnels connecting hotel casinos and the convention center.[3]
What does The Boring Company do?
The Boring Company is Elon Musk's tunneling company, which builds machines it says can dig underground more cheaply than traditional construction firms.[1]
When was The Boring Company founded and where is it based?
The Boring Company was founded in 2017 and is headquartered in Bastrop, Texas, USA, according to Wikipedia.
References
researched 2026-10-23Sources & methodologyshow
Where these figures come from
- TechCrunchmajor outlet2 facts
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.