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Reading: Musk’s Boring Co. Raises $675 Million to Build Tunnels
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The Wall Street Publication > Blog > Tech > Musk’s Boring Co. Raises $675 Million to Build Tunnels
Tech

Musk’s Boring Co. Raises $675 Million to Build Tunnels

Editorial Board Published April 21, 2022
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Musk’s Boring Co. Raises 5 Million to Build Tunnels
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The Boring Co., a startup founded by Elon Musk, has raised new capital to fund the billionaire investor’s vision to alleviate traffic.

Vy Capital and Sequoia Capital led the $675 million funding round that valued the company at about $5.7 billion, the company said in a press release Wednesday. Peter Thiel’s Founders Fund, which is also an investor in Mr. Musk’s Space Exploration Technologies Corp., known as SpaceX, joined the round. New strategic real-estate investors and existing venture backers also took part in the funding round.

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