Musk’s tunneling startup, The Boring Company, raises $3 billion in new funding, valuing the company at $23 billion, according to multiple outlets.
Bloomberg reports the round is backed by the United Arab Emirates and investment entities affiliated with the country. Other sources also describe the deal as a $3 billion raise at a $23 billion valuation but provide fewer details on the specific backers.
Taken together, the coverage agrees on the financing amount and the post-money valuation. The main difference is emphasis: Bloomberg highlights the UAE and affiliated investor involvement, while other articles focus more directly on the valuation and scale of the funding round.
