Elon Musk’s Boring Co. Raises $675 Million to Build Transportation Tunnels – WSJ


imageThe Boring Co., a startup founded by Elon Musk, has raised new capital to fund the billionaire investor’s vision to alleviate traffic .

Vy Capital and Sequoia Capital led the $675 million funding round that valued the company at about $5.7 billion, the company said in a press release Wednesday.Peter Thiel’s Founders Fund, which is also an investor in Mr.Musk’s Space Exploration Technologies Corp., known as SpaceX, joined the round.New strategic real-estate investors and existing venture backers also took part in the funding round..

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