Elon Musk’s Boring Company secures $3 billion to build 150km of transport tunnels in the UAE, expanding its Loop system beyond Las Vegas and Dubai.

The Boring Company secured three billion dollars in a new funding round. This investment values the Elon Musk-founded startup at twenty-three billion dollars.

Temasek is among the investors backing tunnel start-up in its latest capital raise. Read more at straitstimes.com. Read more at straitstimes.com.