Posted Sep 10, 2026 at 3:12 PM UTCAExternal LinkElon Musk’s Boring Company digs up $3 billion.The tunneling venture announced it raised $3 billion in a Series D funding round led by the United Arab Emirates that values the company at $23 billion. Last year, the Boring Company signed a preliminary agreement to dig the Dubai Loop, a 4-mile (6.4km) tunnel that includes four stations linking the Dubai International Financial Centre and Dubai Mall. With this new financing, the company plans on developing over 150km (93 miles) of tunnels throughout Dubai.Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.Andrew J. Hawkins
Elon Musk’s Boring Company digs up $3 billion.
The tunneling venture announced it raised $3 billion in a Series D funding round led by the United Arab Emirates that values the company at $23 billion. Last year, the Boring Company signed a preliminary agreement to dig the Dubai Loop, a 4-mile (6.4km) tunnel that includes four stations linking the Dubai International Financial Centre and Dubai Mall. With this new financing, the company plans on developing over 150km (93 miles) of tunnels throughout Dubai. [Link: The Boring Company Series D Funding Round Announcement — The Boring Company | https://www.boringcompany.com/series-d | The Boring Company]
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