The latest round of financing for Elon Musk's The Boring Company may reach a valuation of 20 billion dollars

According to a report by the WSJ, The Boring Company, founded by Musk, is seeking new funding support, and the new round of financing will value the company at approximately $20 billion.

The Boring Company was established in 2016 and primarily develops underground transportation tunnel technology aimed at alleviating urban traffic congestion. Currently, the company is operating the Vegas Loop project in Las Vegas, USA, and plans to expand its underground transportation network to more cities.