The Boring Company was founded in December 2016 by Tesla and SpaceX CEO Elon Musk. The company has not officially endorsed a plan to participate in an IPO. The Boring Company is attempting to increase the speed and drop the price of tunneling by a factor of ten to help decrease traffic and alleviate congestion in cities. Though a test tunnel has been completed in California, the company has not yet completed any tunnels for public or commercial use.
The company has raised approximately $233 million from Venture Capital and internal investors including Elon Musk, 8VC, Craft Ventures, DFJ Growth, Dreamers VC, Future Ventures, Gigafund, Valor Capital Group, and Vy Capital. Per reports from Bloomberg, the company last raised $120 million in July 2019 at a valuation of $920 million.
The Boring Company does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for The Boring Company will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).
The Boring Company is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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The Boring Company is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.