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The Boring Company raises $3 billion in private funding round

The Boring Company, which is closely tied to Tesla, completed a $3 billion private funding round, adding to the venture’s reported $23 billion valuation.

Reported · Written up by our desk · M&A & Deals

The Boring Company, the tunneling startup that works closely with Tesla, has raised $3 billion through a private funding round, according to MarketWatch.

The report also frames the fundraising as part of the venture’s broader valuation, citing a $23 billion figure for the underground-focused company.

The transaction details underscore continued investor interest in Musk-linked infrastructure ventures beyond automotive, with the funding coming via private capital rather than public markets.

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