Elon Musk's Boring Company Is Raising Money at a $20 Billion Valuation. Here's How His Empire Outside Tesla Is Growing.

The Boring Company is reportedly raising $4B at a ~$20B valuation, nearly 4x its 2022 valuation, as its Vegas Loop is set to expand to the airport. The funding/valuation implies investor optimism around the next phase of the project, though it is unlikely to be broadly market-moving.

Analysis

The Boring Company is reportedly raising $4B at a ~$20B valuation, nearly 4x its 2022 valuation, as its Vegas Loop is set to expand to the airport. The funding/valuation implies investor optimism around the next phase of the project, though it is unlikely to be broadly market-moving.