The Boring Company is a tunneling company with the goal of creating new traffic solutions and tunnel projects. The Boring Company is the vision of Elon Musk. He founded the company in 2017. It was initially part of another Musk investment, SpaceX, but Musk spun it out into a separate entity. It has since developed its own tunnel boring machines, Prufrock, and started building underground tunnels in Las Vegas and other cities.
The Boring Company has had mixed reviews in recent years, given that the company's finished Las Vegas tunnel wasn't exactly as promised. As of 2025, there has been a new development with the company. In July, they announced they would begin construction on a new project in Nashville, Tennessee, connecting downtown to the airport.
That growth potential has investors eagerly awaiting The Boring Company's initial public offering (IPO). Here's a guide to everything you need to know about how to invest in The Boring Company ahead of its eventual IPO.
Is The Boring Company publicly traded?
The Boring Company is not a publicly traded company. It's a privately held company owned by Musk and other investors.
When will The Boring Company have an IPO?
The Boring Company didn't have an IPO on the calendar as of 2025. It hadn't publicly disclosed any plans to complete an IPO in the near term.
Is it profitable?
As a privately held company, The Boring Company doesn't need to publicly disclose its financials, so there isn't currently any publicly available information on its profitability. As an early-stage company, The Boring Company is likely a long way from profitability.
Alternatives to The Boring Company
The Boring Company is a privately held company controlled by Musk. Because it's not a publicly traded company, you can't purchase its shares in a regular brokerage account like you can for other stocks.
However, accredited investors (i.e., high-net-worth individuals or those with high incomes) can sometimes buy pre-IPO shares of companies like The Boring Company on secondary platforms such as Equity Bee or Forge Global. Accredited investors who really want to get in on the ground floor of this pre-IPO stock should check out those platforms to see if they have shares of The Boring Company available for purchase.
Unfortunately, non-accredited investors must wait for Musk to take The Boring Company public before they can buy shares. In the meantime, people interested in investing in Musk-backed companies or focused on enhancing infrastructure can consider an alternative. Here are three options to consider:
1. Tesla
Tesla (TSLA -0.07%) is a leading global manufacturer of electric vehicles (EVs), battery storage products, and solar energy products. Musk currently serves as its CEO. Although an investment in Tesla won't give investors exposure to The Boring Company, they can invest in another entity controlled by Musk.
2. Brookfield Infrastructure
Brookfield Infrastructure (BIPC -1.58%) is a leading global infrastructure operator and developer. The company has four operating segments: utilities, transport, midstream, and data. Brookfield's transport segment focuses on the movement of freight, commodities, and passengers. These businesses generate steady and growing income, the majority of which Brookfield pays to investors via dividends.
3. Transurban Group
Transurban Group (TRAU.F +6.17%) is one of the world's leading toll road operators. The Australian company builds and operates toll roads in its home country, the Washington, D.C., area, and Montreal. The company operates 22 toll roads that support millions of vehicles per day.
How to buy stocks similar to The Boring Company
People who want to buy one of these alternatives to the Boring Company can purchase shares in any brokerage account. Here's a step-by-step guide to investing in these stocks.
- Open a brokerage account. You'll have to open and fund a brokerage account before buying shares of any company. If you still need to open one, here are some of the best-rated brokers and trading platforms. Take your time to research the brokers to find the best one for you.
- Figure out your budget. The Motley Fool's investing philosophy recommends building a diversified portfolio of 25 or more stocks you plan to hold for at least five years. You don't have to get there on the first day. For example, if you have $1,000 available to start investing, you might want to begin by allocating that money equally across at least 10 stocks and then grow from there.
- Do your research. It's essential to thoroughly research a company before buying its shares. You should learn about how it makes money, its competitors, its balance sheet, and other factors to make sure you have a solid grasp on whether the company will grow or shrink.
- Place an order: Once you've opened and funded a brokerage account, set your investing budget, and researched the stock, it's time to buy shares. The process is relatively straightforward. Go to your brokerage account's order page and fill out all the relevant information, including:
- The number of shares you want to buy or the amount you want to invest to purchase fractional shares.
- The stock ticker (TSLA for Tesla, BIPC or BIP for Brookfield Infrastructure, or TRAUF for Transurban Group).
- Whether you want to place a limit order or a market order. The Motley Fool recommends using a market order since it guarantees you buy shares immediately at the market price.
Once you complete the order page, click to submit your trade and become a shareholder of one of these alternatives to The Boring Company.
Investors would follow a similar process to buy an IPO stock like The Boring Company when it goes public. Once shares become available, select The Boring Company's chosen stock ticker to buy shares through your brokerage account.
Should you invest in The Boring Company?
Musk's The Boring Company isn't a publicly traded company yet, so only accredited investors can buy shares at this time. That gives non-accredited investors the time to thoroughly research the company while they await its IPO, and they can finally buy shares. The research process might excite you even more about the company's future prospects and increase your conviction that it's an appealing stock to buy. However, you could also discover things about the company that change your mind about buying its shares.
Here are some reasons why you might want to become an investor in The Boring Company:
- You think the company's tunnels will help solve traffic problems.
- You believe it can generate lots of revenue in the future as it commercializes its tunnels.
- You prefer to invest in founder-led companies.
- You're a big fan of Musk and want to invest in companies he's backing.
- You think The Boring Company will benefit from increased infrastructure spending in the U.S.
On the other hand, here are some reasons why you might decide that The Boring Company isn't the right investment for you:
- You don't think the company's tunnels will help solve traffic issues.
- You're not sure if The Boring Company will generate meaningful revenue and profits in the future as it commercializes its tunnels.
- You're not a fan of Musk and don't want to invest in companies he backs.
- You're not sure that The Boring Company can grow shareholder value over the long term.
- You prefer to invest in companies further along in their maturity than The Boring Company, which is still very early in commercializing its tunnels.
The bottom line
Musk's The Boring Company has a bold vision to possibly improve traffic challenges. He aims to build a network of tunnels under America's cities to quickly transport people to their destinations while freeing up space above ground. That ambitious goal could drive significant revenue for The Boring Company in the future. That makes it an exciting company to keep an eye on as it eventually heads towards an IPO.
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