The Boring Company
The Boring Company is an infrastructure company that builds low-cost transportation, utility, and freight tunnels using its Prufrock boring machines.
Secondary Market Price
Secondary Market Price
How The Boring Company Measures Up
To help you manage your The Boring Company equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future The Boring Company Prices
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Company Description
The Boring Company is an infrastructure and tunnel construction firm focused on creating transportation, utility, and freight tunnels. The company's current activities center on designing and building new versions of its tunnel boring machines, known as Prufrock, at its factory in Texas. It aims to increase tunneling speed while lowering costs to alleviate urban traffic congestion. Founded by Elon Musk in 2016, the company's mission is to build scalable tunnel networks that enable rapid transit in densely populated areas.
Looking forward, The Boring Company plans to continue developing its Prufrock line of tunnel boring machines, with the stated goal of achieving continuous mining and fully remote, "zero-people-in-tunnel" operations. Recent company announcements include the development of Prufrock-4 and the completion of its first engineering co-op program with the University of Austin, where students worked on underground detection and communication technologies. The company's long-term vision includes making high-speed transit systems like Hyperloop viable.
- Sequoia Capital
- Vy Capital
- Valor Equity Partners
- Founders Fund
- 8VC
- Craft Ventures
- DFJ Growth
- Tishman Speyer
- Brookfield
- Lennar
- Dacra
- Founder, Founder Elon Musk
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is The Boring Company worth joining?
Deciding to join a private company like The Boring Company depends on your personal career goals and risk appetite, as it offers a unique opportunity to be part of a high-growth venture. Tools like Prospect can help you model the potential financial outcomes of your equity compensation to make a more informed decision.
What should I do with my The Boring Company stock?
Managing stock in a private company like The Boring Company involves complex decisions around when to exercise options or sell shares, all with significant tax implications. Platforms like Prospect offer tools and personalized strategies to help you optimize your equity and maximize its post-tax value.
Can you sell The Boring Company stock?
Selling stock in a private company like The Boring Company is typically possible through limited windows, such as tender offers or secondary market sales, but is subject to company restrictions. Platforms like Prospect provide tools to help you navigate tender offers and decide which shares are tax-optimal to sell.
How can I find the value of my The Boring Company stock?
The value of private stock is typically determined by the company's latest 409A valuation and prices from recent funding rounds or secondary market sales. To better understand your equity's potential, Prospect uses proprietary models to project the future value of your shares based on data used by top VCs.
What is The Boring Company's equity worth?
A private company's valuation is determined by investors during fundraising rounds and is not public information, fluctuating with company performance and market conditions. While the overall valuation is set by investors, tools like Prospect can help you model what your specific equity stake could be worth under various scenarios.
What is The Boring Company's stock ticker symbol?
The Boring Company is a private company, so it does not have a stock ticker symbol as its shares are not traded on public exchanges. Ticker symbols are only assigned to companies after they complete an Initial Public Offering (IPO).
Can I buy or sell The Boring Company stock?
As a private company, buying shares in The Boring Company is generally restricted to accredited investors during specific funding rounds or employees receiving equity. Selling shares is also limited, usually to company-approved secondary transactions or tender offers, which platforms like Prospect can help you navigate.
What is the criteria to buy or invest in The Boring Company stock?
To invest in a private company like The Boring Company, you generally must be an accredited investor participating in a private placement, or an employee receiving equity as compensation. These are the primary pathways to acquiring shares before a company goes public.
