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.
https://x.com/boringcompany/status/2097916729246810158
In Las Vegas, Boring Co. racked up hundreds of environmental violations according to a ProPublica report.
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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.
XPeng’s robotics unit closed a funding round exceeding $900 million at a post-money valuation above $6.3 billion, which the company calls the largest single-round private financing in the history of China’s embodied AI industry. The proceeds will support mass production of its IRON humanoid robot by the end of 2026, a timeline that keeps the firm ahead of Tesla’s Optimus program.
LimX Dynamics completed a pre-IPO round raising nearly $200 million at a reported $2.2 billion valuation as it prepares for a public listing. The move comes as China's robotics market swells to include hundreds of companies competing in humanoid and embodied AI technologies.
