Elon Musk Raises $3 Billion For Tunneling Startup The Boring Company

TL;DR

Elon Musk's tunneling startup, The Boring Company, raised $3 billion in a new financing round, the company announced on Wednesday. The funding round was led by the United Arab Emirates and valued The Boring Company at $23 billion. The UAE had previously awarded The Boring Company a contract to build one of its signature tunnels in Dubai.