The money funds a massive expansion of tunnels across the UAE — but the company's track record includes several U.S. projects, from Chicago to Fort Lauderdale, that were pitched and then quietly abandoned.

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.