Boring Company Raising Funds at $20 Billion Valuation

The Boring Company, Elon Musk's tunneling venture, is raising money at a valuation of about $20 billion, according to reports, nearly quadrupling its valuation over the past four years. The company's main operating asset remains the Las Vegas Convention Center Loop and related tunnel projects, and it has repeatedly announced plans for larger urban systems. The raise adds to the growing private-market value of Musk-controlled businesses outside Tesla, alongside SpaceX and xAI. The Boring Company is privately held, and the valuation reflects a negotiated funding round rather than a public market price.