Elon Musk’s tunneling company, The Boring Company, is reportedly in discussions to raise new capital that would value the startup at about $20 billion. Multiple outlets report that the company is seeking roughly $4 billion from investors as part of an upcoming funding round. The reporting indicates the talks are still in progress and centered on valuation and investment size, rather than a finalized deal.
Coverage frames the effort as part of the company’s broader financing plans, with several sources focusing on the target valuation figure and the approximate amount it aims to secure. No source in the provided material specifies which investors are involved, when the round would close, or the terms attached to the potential funding. The information also does not describe planned use of the funds.
Overall, the articles agree that The Boring Company is negotiating a major fundraising round and that discussions include an expected valuation near $20 billion, supported by a reported fundraising target in the single-digit billions.
