Quartz·1 min read·medium
Musk's The Boring Company raised $3 billion in a UAE-led round at a $23 billion valuation
✦AI Summary
Elon Musk's The Boring Company has secured $3 billion in a new funding round led by investors in the UAE. The capital is earmarked for developing over 150 kilometers of underground infrastructure within the region.
Why it matters
Signals significant international investment in infrastructure technology and the expansion of Musk's tunneling ventures into the Middle East.
The funding round includes Sequoia Capital, Andreessen Horowitz, and Temasek, and…
technologybusiness
✦
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in