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Elon Musk's Boring Company is reportedly raising $120 million in its first outside funding round

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The company is planning to sell $120 million in stock, according to a securities filing reviewed by Bloomberg.

The Boring Company, Elon Musk's tunnel-digging startup, is raising outside funding for the first time, Bloomberg reported. Last year, the Boring Company raised $112.5 million, 90% of which came from Musk. The Boring Company did not immediately respond to Business Insider's request for comment. This is a developing story. Check back for updates. Read Bloomberg's full story here.

The Boring Company, Elon Musk's tunnel-digging startup, is raising outside funding for the first time, Bloomberg reported. Last year, the Boring Company raised $112.5 million, 90% of which came from Musk. The Boring Company did not immediately respond to Business Insider's request for comment. This is a developing story. Check back for updates. Read Bloomberg's full story here.

 

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Will any of the businesses ever make a dime..?

fraud ponzischeme

Boring Company raises $120 million? We're boring! Hello! We may not be quite as boring. But say we're 25% as boring, we'll take the $30MM.

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