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Secondary marketplace / Explore private companies / The Boring Company IPO
The Boring Company

The Boring Company IPO

$5.68B
Series C Valuation, Apr 2022
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The Boring Company IPO date and status

2016
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

The Boring Company was founded in 2016 by Elon Musk. In October 2023, Reuters reported that the company’s shares rose over 22% in employee share sale shares, with The Boring Company reportedly having an “implied valuation of over $7 billion.” The Boring Company has not officially endorsed a plan to participate in an IPO.

The Boring Company is a tunnel service provider with a mission to reduce traffic. Per Forge data, The Boring Company has raised a total of $908 million in funding over 4 rounds, with the latest funding raised on Oct 23, 2023, being from a Secondary Market round. Key investors include Sequoia Capital and Vy Capital.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Founded
2016
Headquarters
Hawthorne, CA, United States
Founder
Elon Musk
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$5.68B
Total Funding
$905.55MM
Last Funding Round
Series C

Learn more about The Boring Company

To invest in The Boring Company pre-IPO

Can you invest in The Boring Company pre-IPO?

The Boring Company is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?

Can you sell shares of The Boring Company before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while The Boring Company is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my The Boring Company shares?

To explore the value of your The Boring Company shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is The Boring Company a publicly traded company?

The Boring Company is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about The Boring Company potential IPO

Will The Boring Company go IPO?

The Boring Company has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is The Boring Company’s IPO price?

The The Boring Company IPO price does not exist at this time, as The Boring Company is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to The Boring Company, register for Forge today.

When was The Boring Company founded?

The Boring Company was founded in 2016.

What is The Boring Company funding to date?

The Boring Company has raised $905.55MM to date.

The Boring Company major investors

8vc
Craft Ventures
Dreamers Vc
Founders Fund
Gigafund
K5 Global
Sequoia Capital
Tao Capital Partners
Valor Equity Partners
Vy Capital

The Boring Company pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
04/20/2022 Series C $675.86MM $19.59 $5.68B 8vc, Brookfield, Craft Ventures, Dacra, Dfj, Founders Fund, Lennar, Sequoia Capital, Tishman Speyer, Valor Equity Partners, Vy Capital
Price per Share
$ xx.xx
Shares Outstanding
34,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Brookfield, Craft Ventures, Dacra, Dfj, Founders Fund, Lennar, Sequoia Capital, Tishman Speyer, Valor Equity Partners, Vy Capital
07/26/2019 Series B $117.07MM $3.59 $911.85MM 8vc, Craft Ventures, Dfj, Vaor Capital, Vy Capital
Price per Share
$ xx.xx
Shares Outstanding
32,609,677
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
8vc, Craft Ventures, Dfj, Vaor Capital, Vy Capital
04/16/2018 Series A $112.63MM $1.00 $237.77MM Elon Musk
Price per Share
$ xx.xx
Shares Outstanding
112,630,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
5.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Elon Musk

The Boring Company IPO news and media highlights

Elon Musk’s The Boring Company might be in line for an Amtrak contract

Federal railroad regulators are in talks with Elon Musk’s tunneling firm, The Boring Company (TBC), over a multibillion-dollar Amtrak project, according to The New York Times.

Elon Musk's Boring Company gets the green light to build 'Dubai Loop'

From Martian colonies to computer chips for the brain, Elon Musk has been known to throw his wealth into some seriously far-fetched projects. Now, one of the billionaire's wilder ideas is set to become a reality.

18 more stations approved for Vegas Loop transit system

The Boring Co.’s planned Vegas Loop expansion got the green light Wednesday from the Clark County Commission. The system, which originally was planned to feature 29 miles of tunnels with 51 stations, will now add 25 miles of newly planned tunnels and 18 new stations within Clark County’s jurisdiction. The commission approved the updated plan in a 6-1 vote Wednesday.

Elon Musk's Boring Company will build a 34-mile tunnel network underneath Las Vegas

The Boring Company's underground transportation system will be more expansive than what it originally planned. The Elon Musk-founded company has just received approval from the city to bring its underground transportation system called the Vegas Loop to city limits. When Clark County Commissioners first approved the Vegas Loop, it was supposed to be a 29-mile tunnel network connecting 51 stations. Now, the network will span 34 miles and have a total of 55 stations, including ones that will serve the Harry Reid International Airport and the Allegiant Stadium.
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Artificial Intelligence (AI)

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Forge, your trusted partner for pre-IPO insights and The Boring Company data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Updated on: Jul 15, 2025

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