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Musk’s Boring Co. Raises Capital, Valuing Firm at $23 Billion
Source: Bloomberg
Private Markets & VentureInfrastructure & DefenseCompany Fundamentals
Elon Musk's Boring Co. raised $3 billion in fresh funding from the United Arab Emirates and affiliated investment entities, valuing the tunneling startup at $23 billion. The sizable private capital infusion strengthens the company's capacity to fund tunnel and transportation-infrastructure development, though the impact is primarily limited to private markets.
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