Elon Musk’s Boring Company reportedly raising funding at a $20 billion valuation

In Brief Posted: 12:23 PM PDT · July 25, 2026 Image Credits:The Boring Company Anthony Ha Elon Musk’s Boring Company reportedly raising funding at a $20 billion valuation Elon Musk’s tunneling startup The Boring Company is in talks to raise a $4 billion funding round at a valuation of $20 billion, according to The Wall Street Journal. The deal hasn’t closed and the terms could change, the WSJ says. At $20 billion, the valuation would be a significant increase from The Boring Company’s $5.

7 billion valuation in 2022. The startup has already built a network of tunnels under Las Vegas, through which Teslas shuttle customers to different stations. But tunnel workers have suffered serious injuries, and Nevada regulators said last year that The Boring Company violated environmental regulations nearly 800 times.

The Boring Company has announced plans to build tunnel networks under Nashville and Dubai. The WSJ says the startup has also pitched projects in Baltimore, Chicago, and Los Angeles. The startup spun out of SpaceX in 2018.

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The deal hasn’t closed and the terms could change, the WSJ says. At $20 billion, the valuation would be a significant increase from The Boring Company’s $5.7 billion valuation in 2022.

The startup has already built a network of tunnels under Las Vegas, through which Teslas shuttle customers to different stations. But tunnel workers have suffered serious injuries, and Nevada regulators said last year that The Boring Company violated environmental regulations nearly 800 times. The Boring Company has announced plans to build tunnel networks under Nashville and Dubai.

The WSJ says the startup has also pitched projects in Baltimore, Chicago, and Los Angeles. The startup spun out of SpaceX in 2018. SpaceX recently had the largest IPO ever, but its stock price has taken a significant dip since then.

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Subscribe By submitting your email, you agree to our Terms and Privacy Notice. Media & Entertainment Kalshi demands Netflix take down trailer for ‘Prediction Games’ documentary Anthony Ha 3 hours ago AI Librarians are hosting viral ‘Avoiding AI’ workshops for people who are fed up with Big Tech Amanda Silberling 3 hours ago AI One fallen power line exposed a growing AI data center problem. Here’s how to fix it.

Tim De Chant 6 hours ago In Brief Elon Musk’s Boring Company reportedly raising funding at a $20 billion valuation Anthony Ha 18 seconds ago Space SpaceX launches new V3 Starlink satellites but suffers another booster failure Sean O'Kane 20 hours ago In Brief Waymo reportedly mulling a breakup with Uber Sean O'Kane 23 hours ago