Elon Musk’s Boring Company seeks funding at $20 billion valuation: WSJ

Elon Musk’s tunnel construction startup, the Boring Company, is in talks to raise new funding that would value it at about $20 billion, the Wall Street Journal said on Friday, citing people familiar with the ‌talks.

Musk, whose ⁠business interests include Tesla, SpaceX and Neuralink, founded the company to develop tunneling technology and transport systems to carry passenger pods through underground, low-pressure tubes between cities.

The company is in talks to raise about $4 billion, WSJ said, adding ⁠that the ‌funding round had not yet closed, and terms could still change.