Sep 10, 2026, 11:46 PM2 views

Elon Musk is pulling in even more cash. Meet his $23 billion underground venture.

The Boring Company, a tunneling startup that works closely with Tesla, just raised $3 billion through a private funding round.

Marketwatch Verified Source

Reported by William Gavin · Syndicated via official news feed

Read Full Story on Marketwatch

Explore all Business stories

Syndicated feed content with full publisher credit.

Business Desk

More in Business

Continue reading verified coverage and related developments on this desk.

View All

BUSINESS12M AGO

Here’s a rapid-fire update on our 33-stock portfolio, including Cramer’s 6 favorites to buy

Jim's current faves include three tech names and a bank stock.

BUSINESS14M AGO

The 30-year mortgage rate just crossed 7% for the first time in over a year

Mortgage rates reached a new high in 2026, making it even more expensive to buy a home with a loan today.

BUSINESS16M AGO

Elon Musk's Boring Co. turns to Middle East for expansion in reaching $23 billion valuation

The Boring Co.'s latest $3 billion financing round was led by the United Arab Emirates.

BUSINESS17M AGO

Foldable phones are unpopular. Why has Apple decided to sell one?

The simple answer is that the novel design of today's foldable phones could help re-establish the high end of the phone market.

BUSINESS29M AGO

Odisha receives over ₹8,417 cr investment intents on Day 2 of UAE outreach

Thirteen companies and industry groups proposed projects across sectors, with the investment intents expected to generate employment opportunities for 14,310 people

BUSINESS34M AGO

Canada, Ukraine pledge ‘100-year partnership’; Zelenskyy says Ottawa will provide air defence package - Moneycontrol.com

Canada, Ukraine pledge ‘100-year partnership’; Zelenskyy says Ottawa will provide air defence package Moneycontrol.com