The Boring Company raises $3bn at a $23bn valuation, led by the UAE
THE SO WHAT
UAE-led $3 billion into The Boring Company for 150 km+ of tunnels shows sovereign capital is willing to underwrite hard-infrastructure bets far beyond software multiples. If you build in mobility or urban systems, expect more RFPs and pilots tied directly to state-backed mega-projects rather than incremental city budgets.
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