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Elon Musk's tunneling venture, The Boring Company, raised $3 billion in a new private funding round, pushing its valuation to roughly $23 billion. The company, which works closely with Tesla, has been expanding its infrastructure ambitions beyond its original Las Vegas Loop project. The latest financing round was led by investors from the United Arab Emirates, reflecting the company's pivot toward the Middle East for international expansion and capital as it seeks to scale tunneling projects globally.