Boring Co. raises $3B round led by UAE, targets $23B valuation

By The BriefBrief

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: Reported Sep 10, 2026 at 2:15 PM ET

WHERE: United Arab Emirates

WHY: Cause not yet established.

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