Elon Musk's dream of defeating traffic seems to be finally coming true as his tunneling company just announced a $3 billion funding round on September 9.
The United Arab Emirates and its investment funds led the round, which now values The Boring Company at $23 billion. The money is tied to the company's plan to dig tunnels across the UAE. The company hadn't yet announced a funding round since April 2022, when it raised $675 million at a valuation of about $5.7 billion.
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