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Elon Musk just gave over $100 million to the Boring Company

Elon Musk just gave over $100 million to the Boring Company
[Photo: Heisenberg Media/Wikimedia Commons]

The funding was revealed in an SEC document, and the company confirmed that Musk provided most of the funds, reports Recode. In total, Musk’s Boring Company raised $113 million with Musk contributing over 90% of the funds. The remainder of the funds came from early employees. There’s no word yet on how the Boring Company will use the funds, but it’s a refreshing change to see the company raising funds the old-school way instead of only relying on selling flamethrowers.

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