00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Boring Company raised $3 billion in new funding, valuing Elon Musk's tunneling company
00:08at $23 billion as it expands projects in the U.S. and United Arab Emirates, according to CNBC.
00:15The round was led by the UAE, where the company plans more than 93 miles of tunnels,
00:21including the Dubai Loop. Boring Company currently operates its only public loop in Las Vegas,
00:25while expanding its Vegas network toward the airport and Allegiant Stadium.
00:30The company reached a deal last year to build a 20-mile tunnel system in Nashville,
00:34connecting downtown with the airport using Tesla vehicles.
00:39Number NS, previously announced projects have failed to materialize,
00:43while the company has faced environmental and workplace safety violations.
00:47For all things money, visit Benzinga.com.
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