November Private Market UpdatePrivate market metrics show signs of optimism despite October public market slump
November Private Market Update
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About
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 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.
If you own The Boring Company pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
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.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 4/20/2022 | Series C | $675.86MM raised | $XXX.XX | $XXX.XX |
| 7/26/2019 | Series B | $117.07MM raised | $XXX.XX | $XXX.XX |
| 4/16/2018 | Series A | $112.63MM raised | $XXX.XX | $XXX.XX |
