Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › Musk’s Boring Co. Raises Capital, Valuing Firm at $23 Billion
Politics

Musk’s Boring Co. Raises Capital, Valuing Firm at $23 Billion

Bloomberg Technology Thursday 10 September 2026, 05:35 UTC By Audrey Wan 1 min read
Key Points

Boring Co. secured $3 billion in fresh funding backed by the United Arab Emirates and affiliated investment entities, valuing Elon Musk’s tunneling startup at $23 billion.

Boring Co. secured $3 billion in fresh funding backed by the United Arab Emirates and affiliated investment entities, valuing Elon Musk’s tunneling startup at $23 billion.
the United Arab Emirates (ORG) Elon Musk’s (PERSON)
Originally published by Bloomberg Technology Read original →

Related Stories

Trump Payout Pledge Adds to Bond Market Jitters as Auction Looms

The US President’s promise of a national cash payout for a Republican Party mid-term election victory is injecting fresh uncertainties into the Treasury market ahead of a 30-year bond auction, renewing concerns about Washington’s fiscal discipline and erratic policymaking.

Bloomberg Markets 12m ago

Enhanced childcare leave details to be announced in early 2027: Indranee Rajah

Enhanced childcare leave details to be announced in early 2027: Indranee Rajah The government is working with employers and tripartite partners on how to implement the expanded childcare leave scheme, including measures to help companies manage staffing gaps. SINGAPORE: The Marriage and Parenthood Reset Work Group will announce details of childcare leave enhancements in early 2027, Minister in the Prime Minister’s Office Indranee Rajah said in parliament on Thursday (Sep 10). The...

Channel News Asia 14m ago

Town delights as government cans renewable energy zone plans

Dookie residents relieved as government walks back renewable zone plans In short: The state government has walked back plans for a renewable energy zone in northern Victoria after backlash from residents. The proposed Central North Renewable Energy Zone was criticised by Dookie residents over a lack of consultation and the area being prime agricultural land. The government says the next tranche of investment can instead be focused where projects can connect efficiently and unlock more...

ABC Australia 15m ago

Applicants for UK citizenship charged more than five times the admin cost

Fee of £1,709 compares with an estimated administrative cost of just £324, according to Home Office dataPeople applying to become British citizens are charged more than five times the amount it costs the Home Office to process their application, a new analysis has shown. The latest fee of £1,709 to become a citizen compares with an estimated administrative cost of just £324, according to the latest Home Office data.

The Guardian Politics 18m ago