Building underground transportation tunnels for urban travel.
Transportation📍 Bastrop, Texas, USAFounded 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
HQ
Bastrop, Texas, USA
Employees
~250
Total Raised
$800M
Last Round
Series C — $675M (Apr 2022) · Lead: Vy Capital and Sequoia Capital
IPO Status
private
Fundraising Status
Series C · $675M · 4y 4mo ago
privateTotal raised $800M
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
Secondary price return by period
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 →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Series C
$675M
Apr 2022
Vy Capital and Sequoia Capital
—
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
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q2. Refreshed quarterly.