Elon Musk's Boring Company seeks funding at $20 billion valuation: WSJ

Short summary

The Boring Company, founded by Elon Musk to develop underground tunneling and transport systems, is reportedly seeking funding at a $20 billion valuation per WSJ. The company was last valued at $5.7 billion in 2022 after raising $675 million. The proposed valuation represents roughly a 3.5x increase from its previous round.

• •Boring Company seeking funding at ~$20B valuation per WSJ
• •Previously valued at $5.7B in 2022 after $675M raise
• •Musk founded company for underground passenger pod transport between cities

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