The Boring Company in Talks to Raise $4 Billion at ~$20 Billion Valuation

The Wall Street Journal reports The Boring Company is in talks to raise approximately $4 billion at a ~$20 billion valuation, citing unnamed sources. The deal has not closed and terms could change. The figure would mark a roughly 3.5x jump from the $5.7 billion valuation set in its 2022 Series C, which raised $675 million. TechCrunch and Reuters corroborated the Journal's figures.