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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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economictimes.indiatimes.com
The Boring Company: Elon Musk's tunnel startup raises $3 billion at $23 billion valuation - The Economic Times
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.
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straitstimes.com
Elon Musk’s Boring Company raises capital, valuing firm at $29b
Temasek is among the investors backing tunnel start-up in its latest capital raise. Read more at straitstimes.com. Read more at straitstimes.com.
