Musk's Boring Co. seeks $4B investment at $20B valuation

1. 1The Wall Street Journal reported that Elon Musk's tunneling startup Boring Co. is in talks to raise $4 billion at a $20 billion corporate valuation.
2. 2The deal has not yet been finalized and terms could change, with the $20 billion valuation marking a sharp increase from the $5.7 billion valuation it received in 2022.
3. 3Boring Co. has already built a tunnel network in Las Vegas used by Tesla vehicles and has proposed additional tunnel networks in Nashville and Dubai, as well as projects in Baltimore, Chicago, and LA.

Source The Wall Street Journal +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →