GoKawiilBoring Co. hits $23 billion valuation as it pursues Middle East expansion
Elon Musk's tunneling company The Boring Co. announced a $23 billion valuation late Wednesday, alongside plans to expand into the Middle East. The firm, spun out of SpaceX in 2018, currently operates just one public loop in Las Vegas while pursuing roughly a dozen other city projects, including a contested 20-mile tunnel system under construction in Nashville.