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Elon Musk's Plan to Build Texas Tunnel System Gets Boost From Four Real Estate Firms

The Boring Co.’s Valuation Set at Nearly $5.7 Billion
Elon Musk's The Boring Co., which moved its headquarters to Central Texas last year, raised $675 million in venture capital funding as it considers projects in greater Austin. (CoStar)
Elon Musk's The Boring Co., which moved its headquarters to Central Texas last year, raised $675 million in venture capital funding as it considers projects in greater Austin. (CoStar)
CoStar News
April 22, 2022 | 10:10 P.M.

Initial plans to build a network of tunnel systems in Texas received a significant boost as The Boring Co., a tunnel construction company founded by billionaire Elon Musk, said it closed on $675 million of venture capital funding.

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