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
Last Round
Series C — $675M (Apr 2022) · Lead: Vy Capital and Sequoia Capital
Fundraising Status
Series C · $675M · 4y 3mo ago
privateTotal raised $800M
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
transportationconstructiontunnelselon muskinfrastructure
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.