Elon Musk is pulling in even more cash. Meet his $23 billion underground venture.
THE SO WHAT
A $23B valuation for a tunneling company tied into Tesla’s orbit is another data point that capital is comfortable funding hard-infrastructure bets adjacent to flagship tech ecosystems. If your roadmap depends on physical right-of-way — power, fiber, transit — assume more of it will be privately financed and vertically integrated, not municipally provisioned on your timeline.
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