The Boring Company raises USD 3 billion in Series D
Elon Musk's The Boring Company raised USD 3 billion in a Series D round led by the United Arab Emirates and affiliated investors, valuing the tunnelling firm at USD 23 billion. The financing is intended to accelerate a UAE partnership that includes more than 150 km of planned tunnels and a Dubai Loop pilot contract covering 6.4 km and four stations, with construction expected in late 2026. The company will use funds to expand hiring, scale Loop projects and advance its Prufrock tunnelling platform as it moves from single systems to a multi-city programme.
The Boring Company secured $3 billion to scale tunnelling projects.
Contexte
The company expanded from one operating Loop to projects in multiple cities in the past two years. The UAE led funding builds on a Dubai Loop collaboration and a signed pilot contract. Construction is expected to start in late 2026 and the…
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