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The Boring Company

Building underground transportation tunnels for urban travel.
The Boring Company is Elon Musk's tunnel-construction venture building underground EV transit systems. Its Vegas Loop operates beneath the Las Vegas Convention Center and is expanding toward a city-wide network, with further Loops planned in Nashville and a Dubai Loop under a definitive agreement signed with Dubai's Roads and Transport Authority. In September 2026 it raised a $3B Series D led by the United Arab Emirates and affiliated investment entities at a $23B post-money — roughly four times the $5.7B set by the $675M Series C of April 2022 — with Sequoia Capital, Andreessen Horowitz, Temasek, Valor Equity Partners, Vy Capital, Human Capital, Shamal Holding and Baron Capital participating. The proceeds are earmarked for more than 150 km of underground infrastructure across the UAE, Loop expansion in Las Vegas and Nashville, and hiring across engineering, production and operations.
Transportation 📍 Bastrop, Texas, USA Founded 2016
Current Valuation
$23B
as of 2026-Q3
DECACORN

QL Price

$85B
+270% vs last round
QuantLogix's current estimate for The Boring Company, published 2026-10-07 — above the last disclosed round of $23B (2026-Q3).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round $23B 2026-Q3 weight 0.99
Secondary market print $198B 2026-06-27 weight 0.54
This price sits more than 100% away from the last disclosed round. Past a 2× repricing off a single secondary print, the likeliest explanation is that the print and the round describe different share classes rather than a genuine move. It is published and graded like every other price, but treat it with more care.
How this price has held up
No round has priced for The Boring Company since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
How to actually get exposure to The Boring Company →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, The Boring Company, 2026-10-07 (f04bb661720de945). The id pins this exact claim, so a citation stays checkable after the price moves. Model estimate for research — not a quote, target price, or investment advice.

IPO Outlookprivate

Is The Boring Company going public?
No. The Boring Company is private and has not filed to go public. There is no S-1 on file.
What is The Boring Company's valuation in 2026?
The Boring Company is valued at $23B as of 2026-Q3, set by its Series D ($3.0B, Sep 2026). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has The Boring Company filed an S-1?
No public S-1 is on file for The Boring Company.
Who are The Boring Company's investors?
The Boring Company's investors include Vy Capital, Sequoia Capital, Founders Fund, DFJ Growth, 8VC, Valor Equity Partners and 6 more.
How much has The Boring Company raised?
The Boring Company has raised $3.8B in total across 2 disclosed rounds, most recently a Series D of $3.0B in Sep 2026.
Is The Boring Company publicly traded — can you buy The Boring Company stock?
No. The Boring Company is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for The Boring Company on its Pre-IPO Access Desk.
How to actually get exposure to The Boring Company →
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.

Company Profile

CEO
Steve Davis
Founded
2016
HQ
Bastrop, Texas, USA
Employees
~250
Total Raised
$3.8B
Growth
Marked at $23B in Sep 2026, ~4x the $5.7B April 2022 round; proceeds fund 150+ km of tunnel in the UAE plus Las Vegas and Nashville Loop expansion and hiring
Last Round
Series D — $3.0B (Sep 2026) · Lead: United Arab Emirates and affiliated investment entities
IPO Status
private

Fundraising Status

Series D · $3.0B · 1 mo ago
privateTotal raised $3.8B2 disclosed rounds

Series D Impact

Round Size
$3.0B
Primary financing announced
Post-Money Valuation
$23B
Company-announced mark
Valuation Step-Up
+305.3%
vs Series C at $5.7B
Round / Post-Money
13.0%
New capital ÷ post-money
Disclosed Funding
$3.8B
Cumulative disclosed rounds
Step-up compares disclosed post-money valuations. Round / post-money is a financing-size ratio, not an ownership or dilution estimate.

Secondary Market

Implied price / share
$168.67
Last round price / share
$19.59
vs last round
+761.0%
Open interest
14
Last round price vs secondary price
Last round vs current secondary price per share$19.59Last round$169Current
Secondary price return by period
Secondary market period returns3-month+148%6-month+174%1-year+87.4%All-time+462%
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →

Growth & Valuation

Valuation across funding rounds
Valuation growth across funding rounds$5.7B$23BApr '22Sep '26
Capital raised per round
Capital raised per funding round$675MSeries C$3.0BSeries D
Charts built from publicly disclosed funding rounds and revenue estimates. Approximate, not real-time, not investment advice.

Funding History

RoundAmountDateLead InvestorPost-Money
Series D$3.0BSep 2026United Arab Emirates and affiliated investment entities$23B
Series C$675MApr 2022Vy Capital and Sequoia Capital$5.7B

Talent Signal

Hiring trend
● First snapshot
trend accrues with monthly sweeps
Open roles
65
via careers page
Product-build share
45%
engineering, research, product, design
Trajectory
steady
product-led hiring — 45% of open roles build product; the rest are go-to-market and G&A.
Actively hiring with no tracked executive churn.
Open roles by month
Open roles by month65Sep '26
Open roles by function
Open roles by functionOps & People32Hardware14Engineering10Security4Sales & GTM3Design1Legal & Policy1
■ product-building   ■ go-to-market / G&A
Mechanical Shop AssistantLas Vegas, NV • In officeElectrical EngineerBastrop, TX • In officeElectrical EngineerDubai, UAE • In officeSenior Electrical EngineerBastrop, TX • In officeTunnel Design EngineerLas Vegas, NV • In officeNetwork Engineer (Swing/Night Shift)Las Vegas, NV • In office
Counted from The Boring Company's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.

Founders & Key People

Elon Musk

Investors

Vy Capital · Sequoia Capital · Founders Fund · DFJ Growth · 8VC · Valor Equity Partners · United Arab Emirates (sovereign and affiliated entities) · Andreessen Horowitz · Temasek · Human Capital · Shamal Holding · Baron Capital

Products

  • Las Vegas Loop
  • Prufrock tunnel boring machine
  • Vegas Convention Center Loop
  • Dubai Loop
  • Nashville Loop

Competitors

Traditional tunnel-construction firms (Bechtel, Kiewit) · Hyperloop concepts
transportationconstructiontunnelselon muskinfrastructure
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q3. Refreshed quarterly.