Elon Musk's tunneling venture is now worth $23 billion, the company said on Wednesday.

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.