Elon Musk’s New Company Surpasses $7B Evaluation

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The Boring Company, Elon Musk’s endeavor centered on transforming tunnel building technology, has attained an inferred worth of $7 billion. Following the selling of investor and employee shares at a price 22% higher than the investment round from the previous year, this value was made.

The Boring Company wants to use cutting-edge technologies to significantly speed up the tunneling process. With even quicker versions in development, their Prufrock machine, which can mine a mile or so per week, is already a major advancement. Musk has voiced hope that, barring regulatory obstacles, the business may be able to dig more than 10,000 miles of tunnel and achieve a $1 trillion valuation by 2030.

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