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Elon Musk’s Boring Company hits $5.7 billion valuation

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HAWTHORNE, CA – DECEMBER 18: Elon Musk, co-founder and Chief Executive Officer of Tesla Inc., speaks at an unveiling event for The Boring Company Hawthorne test tunnel December 18, 2018 in Hawthorne, California. On Tuesday night, The Boring Company will officially open the Hawthorne tunnel, a preview of Musk’s larger vision to ease traffic in Los Angeles. (Photo by Robyn Beck-Pool/Getty Images)

Pool | Getty Images News | Getty Images

Elon Musk‘s Boring Company wants to build a network of underground tunnels to transport people and cargo around cities. It’s just raised $675 million to push further toward that goal.

The Boring Company said late Wednesday that it raised the fresh funds in a…



Source cnbc.com

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