Event Brief
Boring Co. raises $3B round led by UAE, targets $23B valuation
By The BriefBrief · Sources (3)
Filed: Sep 10, 2026 at 3:04 PM ET
Summary: Elon Musk’s Boring Co. is pursuing expansion with a new $3 billion financing round. The round was led by the United Arab Emirates, and the company is reaching a $23 billion valuation as a result.
WHO: Boring Co.; United Arab Emirates
WHAT: Boring Co. completes a $3 billion financing round led by the United Arab Emirates, reaching a $23 billion valuation.
WHEN: Sep 10, 2026 at 2:15 PM ET
WHERE: United Arab Emirates
WHY: Cause not yet established.
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