Elon Musk’s Boring Company raises capital, valuing firm at $29b

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  "signal_type": "news",
  "signal_subtype": "expands_facilities",
  "detected_at": "2026-09-10T06:40:00+00:00",
  "company": {
    "name": "Boring",
    "domain": "boringcompany.com"
  },
  "data": {
    "url": "https://www.straitstimes.com/business/update-1-musks-tunnel-startup-the-boring-company-raises-3-billion-at-23-billion-valuation?ref=latest",
    "title": "Elon Musk’s Boring Company raises capital, valuing firm at $29b - The Straits Times",
    "excerpt": "Sign up now: Get ST's newsletters delivered to your inbox Proceeds would support an expanded partnership to develop more than 150km of underground infrastructure across the UAE. PHOTO: REUTERS Published Sep 10, 2026, 02:40 PM Updated Sep 10, 2026, 03:06 PM NEW YORK - The Boring Company, a tunnel construction startup founded by billionaire Elon Musk, has raised US$3 billion (S$3.8 billion) in a new funding round that values it at US$23 billion (S$29 billion), according to a statement on Sept 9. The funding round was led by the United Arab Emirates and affiliated investment entities. Other participants included Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, Andreessen Horowitz, Temasek, Shamal Holding and Baron Capital. Proceeds would support an expanded partnership to develop more than 150km of underground infrastructure across the UAE, building on its previously announced Dubai Loop project. The Boring Company also plans to use the funds to increase hiring across engineering, production and operations while expanding Loop projects in Las Vegas, Nashville and Dubai. In 2025, the company and Dubai’s Roads and Transport Authority signed a preliminary agreement to build the Dubai Loop, an underground high-speed transport network. The latest fundraising marks a sharp increase in the company’s valuation from 2022, when it was valued at US$5.7 billion following a...",
    "product": "Loop",
    "summary": "The Boring Company plans to expand its Loop projects in Las Vegas, Nashville and Dubai.",
    "location": "Las Vegas, Nevada, USA",
    "planning": true,
    "image_url": "https://cassette.sphdigital.com.sg/image/straitstimes/b308d02fbe6dd9bb12eea7a0b8d6b5aaf33d63e19f46576a99a4a73783ed9c6b",
    "confidence": 0.9,
    "product_data": {
      "name": "Loop",
      "full_text": "Loop projects",
      "fuzzy_match": false
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    "product_tags": [
      "general_technology"
    ],
    "published_at": "2026-09-10T06:40:00Z",
    "location_data": [
      {
        "city": "Las Vegas",
        "state": "Nevada",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "The Boring Company also plans to use the funds to increase hiring across engineering, production and operations while expanding Loop projects in Las Vegas, Nashville and Dubai."
  }
}

curl https://signals.autobound.ai/v1/signals/801ee504-8b87-fbdc-45cc-66fe4abb2636 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"boringcompany.com","limit":20}'