Elon Musk's Boring Company Is Raising Money at a $20 Billion Valuation. Here's How His Empire Outside Tesla Is Growing.

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  "company": {
    "name": "Neuralink",
    "domain": "neuralink.com"
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    "url": "https://www.theglobeandmail.com/investing/markets/stocks/NVDA/pressreleases/3744697/elon-musks-boring-company-is-raising-money-at-a-20-billion-valuation-heres-how-his-empire-outside-tesla-is-growing/",
    "title": "Elon Musk's Boring Company Is Raising Money at a $20 Billion Valuation. Here's How His Empire Outside Tesla Is Growing. - The Globe and Mail",
    "excerpt": "The Boring Company is reportedly raising $4 billion at a $20 billion valuation -- nearly four times its 2022 price tag -- as its Vegas Loop prepares to expand to the airport. Neuralink's brain-computer interface is now implanted in 21 patients, and the company is targeting $1 billion in annual revenue by 2031, pending FDA approval. Musk's personal acquisition of APR Energy for over $1 billion positions him to profit from data centers desperate for fast power solutions while waiting on grid connections. The Boring Company, Elon Musk's tunneling venture, is in talks to raise roughly $4 billion in a private stock offering at a valuation of about $20 billion, according to a report from The Wall Street Journal . The last time it was formally priced, back in 2022, the number was $5.7 billion. That's a nearly fourfold increase in four years. So what are private investors paying for? And what about Musk's other, smaller ventures outside of Space Exploration Technologies (NASDAQ: SPCX) and Tesla (NASDAQ: TSLA) ? Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a \"Double Down\" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same \"Total Conviction\" signal is flashing for a company 1/100th the size of Nvidia. Continue » Image source: Getty Images. The Boring Company is so-named because that's what it does: bores through the...",
    "product": "brain-computer interface (BCI)",
    "summary": "Neuralink's brain-computer interface (BCI) chip is currently implanted in 21 patients as of January, up from 12 the previous September.",
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    "published_at": "2026-08-09T13:34:07Z",
    "article_sentence": "Its brain-computer interface (BCI) -- a chip that reads brain signals so a paralyzed person can control a computer by thinking -- is already working and implanted in patients."
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