Elon Musk Sells $3 Billion In Tunnels Investors Must Also Dig Themselves
KEY POINTS
- •Elon Musk founded The Boring Company in 2016 after tweeting about frustration with LA traffic.
- •On Thursday, the company raised $3 billion at a $23 billion valuation with notable investors including Sequoia Capital and UAE interests.
- •Investors are expected to assist beyond funding by helping recruit employees and secure business deals.
Elon Musk’s Boring Company, founded in 2016 after LA traffic made him tweet existential dread, has raised a staggering $3 billion, soaring to a $23 billion valuation — mostly by convincing investors they won't just fund tunnels, but also help find employees and deals. This after SpaceX's history-shattering $86 billion IPO and Neuralink's dreamy $42 billion secondary market valuation (that's nearly five times its 2025 value!). Despite Musk’s grand ‘600 mph hyperloop’ dreams fizzing out, The Boring Company's stuck shuttle service in Vegas now runs Teslas through 4 miles of tunnels under a convention center, aiming for a whopping 68 miles. Meanwhile, Dubai and Nashville greenlit similar projects, and UAE leads this round, with investor clubs like Sequoia and A16z also in the mix—just remember, your wallet isn't the only expectation here.
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(1 of 3)Welcome to Musk’s Boring Company funding party where your $3 billion is just the cover charge and you also volunteer as tunnel labor recruiter and deal wrangler. Everyone’s ‘investing’ except the asphalt.
Investors in Musk’s tunnel empire don’t just need cash—they're apparently signing up for unpaid HR and networking gigs. Welcome to Kickstarter meets corporate sweatshop.
Elon Musk’s Boring Company raised $3 billion by saying 'cash is nice, but could you maybe dig some tunnels too?' Talk about value-added investing.
Source: Businessinsider | Published: 9/10/2026 | Author: Tom Carter
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