The Boring Company Seeks $4 Billion at Roughly $20 Billion Valuation

The Boring Company is in talks to raise about $4 billion at a ~$20 billion valuation, per The Wall Street Journal. TechCrunch and Reuters corroborated the figures. The deal hasn't closed and terms could shift. That valuation would be a 3.5x jump from its 2022 Series C round, which raised $675 million at a $5.7 billion valuation.