Search results for The Boring Company
Industry
Musk\'s Boring Company raises $3 billion in UAE-led round, valued at $23 billion
Elon Musk\'s tunnelling company The Boring Company raised $3 billion in a Series D round led by the United Arab Emirates and related investment institutions, valuing it at $23 billion. The valuation is about four times its roughly $5.7 billion value in 2022. The company plans to use the funds to hire staff, expand Loop projects and develop its Prufrock tunnelling machine, with a key focus on building more than 150 km of tunnels in the UAE.
Crypto
Dogecoin co-founder calls DOGE payment for Las Vegas Loop ride his best crypto moment
Dogecoin co-founder Billy Markus said paying a fare on the Las Vegas Loop with dogecoin was the most “crypto” moment he has experienced. He also mocked the recent weakness in the cryptocurrency market, calling the decline “really boring.” The broader market fell on July 28, with total liquidations of $604 million, CoinGlass data showed. Dogecoin fell 3.57 percent to $0.07 over 24 hours.
Industry
SpaceX alumni startup Terrafirma raises $115 million for remote construction equipment
Terrafirma, a construction technology startup founded by former SpaceX engineers, has raised $115 million, CNBC reported. Investors include Kleiner Perkins, Bain Capital Ventures, SpaceX, Anduril and Hadrian. The Austin, Texas-based company is developing technology to remotely operate construction equipment using interfaces including an Xbox controller. It says the technology reduces costs and improves safety, and its long-term goal is building infrastructure on Mars.
