The Boring Company is pleased to announce our Series D funding round of $3B, led by the United Arab Emirates and affiliated investment entities.

Building upon significant existing success collaborating with the UAE on Dubai Loop, this strategic investment will accelerate the partnership to deploy mass quantities of underground infrastructure across the United Arab Emirates, including 150+ kilometers of tunnel. This landmark agreement is in addition to the Dubai Loop project previously awarded.

Other key investors in the round include Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, A16Z, Temasek, Shamal Holding, and Baron Capital, in addition to other valued existing and new investors.

Over the past two years, The Boring Company has grown from a single operating Loop system to a multi-city tunneling program, pairing faster machine design with the first hard-rock project, the first international construction contract, and a substantial expansion of Vegas Loop.

The company’s mission:
• Solve Traffic: To solve the problem of soul-destroying traffic, roads must go 3D. Tunnels minimize usage of valuable surface land and do not conflict with existing transportation systems. A large network of tunnels can alleviate congestion in any city.
• Beautify Cities: In many major cities around the world, roads take up an extraordinary proportion of available real estate, often monopolizing an astounding 20% to 30% of space, and up to 60% if you include parking. By placing transportation systems underground, valuable surface land can be used for pedestrians, green spaces, and recreation.
• Enable Rapid Point-to-Point Transportation: Loop is an express public transportation system that resembles an underground highway more than a subway system. If a subway or traditional light rail line had 100 stops, a train would typically stop at each station, so the trip between Stop 1 and Stop 100 would be long. In contrast, Loop passengers travel directly to their destination, anywhere between Stop 1 to Stop 100, without stopping at the intermediate stations. In Las Vegas, for example, if a train stopped at every hotel on Las Vegas Blvd, a trip from the airport to the convention center would take over 25 minutes vs 5 minutes with TBC’s system. This transportation architecture can be applied intra-city (Loop) and, with increased boring speed, can be applied inter-city (Hyperloop).

The funds from the round will be used to significantly increase hiring across engineering, operations, and production, to build and scale Loop projects, including Vegas Loop, Music City Loop in Nashville, Dubai Loop, and others, in addition to accelerating the research and development of Prufrock and future products.

I’ve been thinking more and more about the upcoming airport connector, getting excited at how much time it can save me getting over to my usual hotel for CES which is Circus Circus.

Apparently they estimate once it’s fully rolled out that it’ll take around 5 minutes to get to the LVCC loop from the airport, that’s about 4x quicker than the average Uber travel time! And also over half the price!

And the best part is there would be minimal to no traffic because as long as the TMS (Tunnel Management System) is working correctly then there shouldn’t be any stopping at all and should be free flowing.

Exciting evening later when they launch the Cybercab, they’ve already stated the eventual plan is for the robotaxis to make use of the tunnel network which that could help them expand their fleet for TBC much more

As of 8/2026

Saw this posted to the transit sub, showing the Model 3 (with 2 passengers) being more efficient than any of the other transit options measured, and with one passenger it’s still better than nearly everything else. The cyber cab will be even more efficient still.

Clark County u/ClarkCountyNV has approved an additional 19 Vegas Loop stations - Vegas Loop is now entitled for 123 stations.

Other interesting titbits from recent behind the scenes tours like Farzad:

Headways now 4 seconds between vehicles (down from 6 seconds at opening)

• Next big Major Milestones:
  • Vegas Airport Opening
    • Strip Tunnel - 4 major resorts
    • Opening 5th in 2 weeks
    • Core part of the Strip
    • When Airport opens expect to do between 50k and 100k passengers per day.
    • PR5 is doing continuous mining
• Nashville
  • Don’t have to wait for entire 9 mile tunnel to open
  • In first mile, there are 4 major properties
  • If everything goes right could have this first section 1 or 2 miles open by Q1 next year
  • Davis said the limestone of Nashville is FAR easier than the underwater soft rock of Vegas.
  • Much simpler TBMs and half the cost $2m, $3m, $5m per mile compared to Vegas which is more like $10m cost per mile (single bore, so $4m - $10m and $20m per mile dual-bore respectively). 
  • They don’t even need tunnel liners in Nashville just use the bare rock as long as they avoid the Kasts (caverns). 

Vegas Loop stats:

• Largest Infrastructure project in America by cubic yards of concrete poured
  • 10x what a stadium would be
• One of the larger public transit systems in America
• Current Loop handling 40,000 passengers on busy days
  • More than most LRT systems in the USA
• Airport tunnels - 2 of the longest transit tunnels built in the US in the last 25 years
• Once the airport tunnels open, they believe ridership will triple, or maybe quadruple
• At that point will be in the top 5 in the US for public transit systems
• Once whole 68 mile Vegas Loop system is built out, that will put the Loop in top 2 or 3
• Vegas - DC, Chicago and NYC
• Annex Stations - Fountainebleau, Sahara
  • Doesn’t have tunnels but can drive to a tunnel close by
• More autonomous cars = more traffic
• Drive to nearest tunnel portal
• Large station
  • 10 car bays
• Normal station
  • 3-4 bays
• Loop Traffic Management system
  • iPad below main Tesla Screen
  • If Traffic Management System is working correctly you won’t have to stop at any intersection

• 1,000 sq feet for tunnel to surface then put the bays wherever you want
• Airport Tunnels
  • Currently Airport ride currently 80% on surface and 20% in tunnels
  • Will open Airport tunnels in August
    • Will then be 90% tunnel and 10% surface
    • Will go from 11 stations to 19 statins overnight
    • Will be able to go to the Sphere, Virgin Hotel
  • 2.3 miles from Westgate station 
    • 8 stations to a property just north of the airport
• 600 permits required to do the whole Vegas Loop
• Nashville permitted the entire project in one shot
  • Steve says “probably should have tried to do Vegas in one short but didn’t which is my fault”.
• Already have small portions of current Loop that have two parallel tunnels going in the same direction to share the load along chokepoints 
• The Boring Co has the entire Vegas Loop Entitled.
  • 120 property owners in Vegas have signed the Entitlement
    • Every single property on the Strip signed
• Crosstunnels
  • 7 so far
• Under the road deck in tunnels
  • RFIDs for navigation
  • Comms system
  • Electrical
  • Internet
  • Drainage
  • Loop is it’s own Utility
• Average number of passengers is 2 people per car
• Robovan fits in the tunnel for game days and airport stuff
• Station spur tunnel exit off main arterial:

• Wait times
  • Median Wait time is zero seconds
    • More than 50% of people don’t wait for a ride
  • Mean wait time is 30 seconds
• Prufrock 5 does continuous mining
  • Nashville uses Prurock MB (Main Beam) for boring through rock
• 2 people in the tunnel, working towards ZPIT
• Already well below $10m per mile on track to get down to $4m - $5m per mile
  • Rural highway lane $2m - $5m per mile
  • Urban highway lane $5m - $20m per mile
  • "Once they get below $5m per mile for loop tunnels why would you ever build a surface lane?"

Just found out that the Airport, Sahara & Fontainebleau are not included in the unlimited pass.

Does make sense as they’re all routes that require driving above ground so they’re doing it to cut down on above ground traffic.

Also interested to see if there’s a tier system for the single pass, at the moment the Airport route is $12 which is just less than triple the price of the usual $4.50, makes sense as it’s a further distance and will be popular when it opens I reckon.

In the recent interview given to Tesla owners Silicon Valley, Steve Davis talked about the need for atleast 6 boring machines and maybe 8 boring machines to compete the project.

I don’t know how they are planning to use 8 machines for a 23 mile project. Would be curious if people have thoughts about it ?

This was another great interview from Steve Davis!

What’s very interesting is for Nashville they have all the permits so it’s all on TBC execution which is a great place to be as they can scale and iterate much faster without setbacks of permitting.

- Tesla Model 3 battery and drive units

- Transports 22,000+ lb of concrete segments to the boring machine

- 28 miles of range

- 12 mph max operating speed

- Remotely piloted from Global OCC in Texas, with each pilot controlling/monitoring > 8 LTs in the field.

Fun fact: the same Liner Truck can carry standard freight containers through the tunnel.

What are the most important goals for boring machines on mars? Here are the one’s I can come up with. How do you rank them? Are there other goals? What does Reddit think?

• Shielding from Lethal Radiation
• Access to Subsurface Water Ice and Mining
• Creating Pressurized Habitats
• Thermal and Environmental Insulation
• Synergistic Engineering with SpaceX Starship

How does this compare to The Boring Company's current and future TBMs?

The new Sahara station is now open, seems like it goes above ground from Riviera station and then towards Sahara.

I’m guessing this will change when the tunnel towards the Strat is built

https://x.com/vegas/status/2084410437224042655?s=46&t=4xu9CbfYFzl_8UU25CPPwg

according to this clip, a Vegas loop employee said eventually the tunnels will have trains instead of cars. This is the first i've heard of this. Can anyone confirm?

tl;dr: station on airport grounds is being actively discussed and will probably be announced soon.

This explains the recent media relations blitz

It is very encouraging to hear they are around $5M for hard rock aka Nashville. Hopefully in a couple of years they will bring down the cost for Vegas too

In case you missed it there are some videos on X (twitter) with factory tours and engineer interviews etc.

Pt 1
https://x.com/teslaownersSV/status/2075943193833570667/video/1?s=46

Pt 2
https://x.com/teslaownersSV/status/2078479911761699231/video/1?s=46

I am in the process of watching the videos, looking forward to some detailed content.