The Boring Company raises $3B in round led by UAE

The Boring Company has secured $3 billion in a funding round led by UAE investors, with plans to excavate more than 150 kilometers of tunnels in the Middle Eastern country. The raise signals a significant geographic pivot for Elon Musk's tunneling venture, which has struggled to translate its Las Vegas Convention Center loop into a scalable transit model. While the funding provides unprecedented runway, the company's technology remains largely conventional