16:25 - 27.07.2026

---

July 27, Fineko/abc.az. Elon Musk's infrastructure startup The Boring Company is in talks to raise $4 billion in investment in its next funding round.

In the course of the deal, company's market valuation may reach $20 bn.

The company is currently operating the Loop underground transportation system in Las Vegas, which combines surface routes with tunnels and transports passengers between stations using Tesla electric vehicles.

The new finances are to be used to accelerate development of next-generation tunnel boring machines and scale up projects in other large cities of the U.S.