Elon Musk's Tunneling Startup Aims to Raise $4 Billion

The Boring Company, a startup that builds underground tunnels, is in talks to raise about $4 billion from investors, who would value the company at roughly $20 billion. The Wall Street Journal, TechCrunch, and Reuters reported the figures. The deal isn't final. The new value would be 3.5 times higher than the $5.7 billion investors assigned the company in 2022, when it raised $675 million.