The Boring Co. raised $3 billion in a funding round led by the United Arab Emirates, achieving a $23 billion valuation to support its tunnel projects. The financing highlights the company's shift toward Middle East growth while its sole operational loop remains in Las Vegas amid stalled U.S. plans and local opposition.
Fixed Dubai Loop timing (Feb 2026 implementation, not “last year”) and Nashville loop length (nearly 25 miles, not 20).
Boring Co. has announced about a dozen city projects overall but most have not materialized.
In Las Vegas, Boring Co. racked up hundreds of environmental violations according to a ProPublica report.
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Elon Musk said on X that SpaceX "closed $40B of debt for GPUs," adding that the company is investment grade and has Starlink and launch revenue, while debt markets have "almost entirely shut off" for companies without substantial revenue independent of AI data centers. In a follow-up reply, Musk said it is "primarily callable debt for GPU purchases that will arrive in Q1 and Q2" and "not a major factor this quarter." Musk did not name lenders or terms. Reuters, the FT, CNBC, Semafor and Bloomberg had earlier reported, citing unnamed sources, that SpaceX was arranging about $40 billion of debt for Nvidia chips, with Apollo and Goldman Sachs reported to be leading.
TypeSafe AI raised $870 million at a $7.5 billion valuation in a Series A led by Andreessen Horowitz, less than a month after launching its Jev model. The company says a third of the Fortune 500 use Jev.
Instinct has raised $1 billion in a Series C round at a $10 billion valuation. The round underscores investor interest in consumer AI agents that perform tasks beyond conversation.
Mistral raised $3.5 billion in a round led by Samsung, pushing its post-money valuation above 21 billion euros as it builds its own data centers. The French startup aims to differentiate from OpenAI and Anthropic by creating custom AI tools for individual companies while planning 100% compute growth over five years.
Stoke Space obtained roughly $1 billion in Series E funding to prepare Nova Pathfinder for an early 2027 launch while accelerating the larger Nova Block 2 scheduled for 2029. The capital will also expand the Moses Lake test facility and increase maximum payload fivefold to 15 metric tons in low Earth orbit, preserving full reusability for both stages.
