Elon Musk’s Boring Company Secures $3 Billion to Expand Underground Transport Network

TLDR

• The Boring Company raised $3 billion in a Series D funding round
• The round values the company at $23 billion, up from $5.7 billion in 2022
• The UAE led the round, joined by Sequoia Capital, Andreessen Horowitz, and Temasek
• Funds will go toward tunnel projects in Las Vegas, Nashville, and Dubai
• The UAE partnership could involve more than 150 km of underground infrastructure

Elon Musk’s tunnel construction startup, The Boring Company, has raised $3 billion in a new funding round. The deal values the company at $23 billion.

Congrats Boring Company team! https://t.co/eFhhZfKmu8

- Elon Musk (@elonmusk) September 10, 2026

The round was led by the United Arab Emirates and affiliated investment entities. Other investors included Sequoia Capital, Andreessen Horowitz, Temasek, Vy Capital, Human Capital, Valor Equity Partners, Shamal Holding, and Baron Capital.

The company plans to use the money to expand its underground transport network. Projects in Las Vegas, Nashville, and Dubai are all in the pipeline.

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