Elon Musk's Boring Company Is Raising Money at a $20 Billion Valuation. Here's How His Empire Outside Tesla Is Growing.
The Boring Company's valuation has nearly quadrupled in four years, but what exactly are investors getting?
Overview
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)?
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Originally published at www.fool.com.
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