The Boring Company

Building underground transportation tunnels for urban travel.

Transportation 📍 Bastrop, Texas, USA Founded 2016

Current Valuation

$5.7B

as of 2022-Q2

UNICORN

The Boring Company is Elon Musk's tunnel-construction venture building underground EV transit systems, with its flagship Vegas Loop already operating beneath the Las Vegas Convention Center and expanding to a city-wide network. Last priced at ~$5.7B in April 2022 on a $675M Series C led by Vy Capital and Sequoia.

Company Profile

CEO

Steve Davis

Founded

2016

Bastrop, Texas, USA

Employees

~250

Total Raised

$800M

Last Round

Series C — $675M (Apr 2022) · Lead: Vy Capital and Sequoia Capital

IPO Status

private

Founders & Key People

Elon Musk

Investors

Vy Capital · Sequoia Capital · Founders Fund · DFJ Growth · 8VC · Valor Equity Partners

Products

Las Vegas Loop
Prufrock tunnel boring machine
Vegas Convention Center Loop

Competitors

Traditional tunnel-construction firms (Bechtel, Kiewit) · Hyperloop concepts

transportationconstructiontunnelselon muskinfrastructure