The Boring Company

Tunnel construction and underground transportation company.

InfrastructureTunnelingTransportationPrivate company

Active^{Source [7]}^{Source [0]}Last verified Oct 2, 2026

About The Boring Company

The Boring Company builds tunnels and the Loop underground transportation system, in which passengers ride in Tesla vehicles through dedicated tunnels. It designs and manufactures its own tunnel boring machine, Prufrock, and states its mission as solving traffic, enabling rapid point-to-point transportation and transforming cities.^{Source [5]}^{Source [3]}

Elon Musk founded it in 2017. It was spun off from SpaceX in 2018, moved to Bastrop County, Texas in 2021, and runs its machines from a Global Operations Control Center in Texas.^{Source [1]}^{Source [6]}^{Source [4]}^{Source [3]}

Its operating system is Vegas Loop in Las Vegas, which has carried more than four million passengers and has 123 entitled stations. It began tunneling for Music City Loop in Nashville in February 2026, its first project in hard rock, and has a construction contract for the pilot phase of Dubai Loop.^{Source [3]}

The company is privately held. In September 2026 it announced a $3 billion Series D round led by the United Arab Emirates and affiliated investors, valuing it at $23 billion.^{Source [3]}

What happened

Elon Musk founded it in 2017 to build tunnels for transportation. It was spun off from SpaceX into its own company in 2018, with more than 90 percent of the equity going to Musk, and it is still operating from Bastrop, Texas.^{Source [1]}^{Source [6]}^{Source [4]}^{Source [7]}

Timeline

2026-09-09Announced a $3 billion Series D at a $23 billion valuation, with plans for over 150 km of tunnel in the UAE.^{Source [3]}
2026-08Reached fully autonomous tunnel ring building.^{Source [3]}
2026-02-25Received its Tennessee permit and started tunneling for Music City Loop.^{Source [3]}
2025-07Announced Music City Loop with the State of Tennessee; Vegas Loop received a TSA Gold Standard Award.^{Source [3]}
2025-05Demonstrated continuous mining with no people inside the tunnel.^{Source [3]}
2021-06Las Vegas Convention Center Loop opened to the public.^{Source [1]}
2021Moved to Bastrop County, Texas.^{Source [4]}
2019Raised $120 million in its first outside round and won its first paying customer.^{Source [1]}
2018Spun off from SpaceX into a separate company.^{Source [6]}
2017Founded by Elon Musk.^{Source [1]}

Products and brands

Prufrock: Tunnel boring machine the company designs and manufactures, able to launch without a pit.^{Source [5]}^{Source [3]}
Loop: Underground transportation system for cities and venues.^{Source [5]}
Vegas Loop: Operating Loop system serving the Las Vegas Convention Center, resorts and limited airport service.^{Source [3]}
Music City Loop: Privately funded Nashville system linking downtown with Nashville International Airport, under construction.^{Source [3]}
Dubai Loop: Pilot of 6.4 km of tunnel and four stations under contract with Dubai's Roads and Transport Authority.^{Source [3]}

How it makes money: It is paid to design and build tunnels and Loop systems for public agencies, venues and private clients; its first paying customer was the Las Vegas Convention and Visitors Authority.^{Source [1]}^{Source [3]}

Leadership

Steve Davis

President^{Source [8]}^{Source [9]}

Since 2018

Funding and financials

Valuation: $23 billion (September 2026 Series D)^{Source [3]}

Date	Round	Amount	Investors
2026-09	Series D^{Source [3]}	$3 billion	Led by the United Arab Emirates and affiliated entities; also Vy Capital, Valor Equity Partners, Sequoia Capital, a16z, Temasek and others
2019	First outside funding^{Source [1]}	$120 million

People on Founded, and where they went next

1 person on record, connected to 10 other companies.

Person	Here	Also built
Elon Musk	Founder2017	xAI2023 to 2026AcquiredX Corp.2022 to 2025AcquiredNeuralink2016ActiveOpenAI2015 to 2018ActiveSolarCity2006 to 2016AcquiredTesla2004 to nowIPOSpaceX2002 to nowIPOPayPal2000IPOX.com1999MergedZip21995 to 1999Acquired

Sources

Why Elon Musk's Boring Company is finding that traffic is tough to fix, CNBC, 2021-07-20. Accessed Oct 2, 2026.
The Boring Company, Wikipedia. Accessed Oct 2, 2026.
The Boring Company Series D Funding Round Announcement, The Boring Company, 2026-09-09. Accessed Oct 2, 2026.
Elon Musk's head is in DC. The heart of his business empire is in Texas, and it's growing., KUT (Austin NPR station), 2025-02-12. Accessed Oct 2, 2026.
The Boring Company (home page), The Boring Company. Accessed Oct 2, 2026.
Elon Musk's SpaceX investors question financial overlap with Boring Co.: Report, Fox Business, 2018-12-18. Accessed Oct 2, 2026.
Tesla, Inc. Form 10-K/A (Part III: directors and executive officers), SEC EDGAR, 2026-04-30. Accessed Oct 2, 2026.
The CEO of Elon Musk's Boring Company who reportedly slept at Twitter HQ with his wife and baby once owned a bar called 'Thomas Foolery', Business Insider, 2022-12-24. Accessed Oct 2, 2026.
Steve Davis (executive), Wikipedia. Accessed Oct 2, 2026.

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