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How much is the Boring Company worth?

The Boring Company’s new funding, announced Wednesday, comes from venture capital firms as well as real estate companies. Sequoia, a prominent Silicon Valley firm that’s invested in Musk before, co-led the investment with Vy Capital. The deal values the Boring Company at nearly $5.7 billion.

Who is the Boring Company?

The Boring Company ( TBC) is an American infrastructure, tunnel construction services, and equipment company founded by Elon Musk. TBC was founded as a subsidiary of SpaceX in 2017, and was spun off as a separate corporation in 2018. TBC has completed one tunneling project that is open to the public, as well as multiple test tunnels.

How much is Boring Company worth in 2022?

While hardly the size of SpaceX, Boring Company is still one of the most valuable startups in the world—last worth some $5.6 billion in 2022 (though a recent employee share sale implies a more than $7 billion figure).

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