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.
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 The Boring Company 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.
Should I 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.
Related investing topics
ETFs with exposure to The Boring Company
Musk's The Boring Company is still a privately held company, so investors can't gain passive exposure to its stock by investing in an exchange-traded fund (ETF).
Exchange-Traded Fund (ETF)
However, people interested in investing in the infrastructure sector can consider an ETF focused on that theme. Here are three top infrastructure ETFs:
- Global X U.S. Infrastructure Development ETF (PAVE -0.44%): This ETF aims to invest in companies that will benefit from increased infrastructure spending in the U.S. That includes companies that produce raw materials, manufacture heavy equipment, and are involved in engineering and construction. The fund held 101 stocks in 2025. This ETF had a total expense ratio of 0.47%.
- iShares Global Infrastructure ETF (IGF +0.66%): This ETF seeks to invest in companies that provide transportation, communication, water, and electricity services worldwide. This fund held 75 stocks as of 2025, including Transurban, its second-largest holding at 5% of its total assets. The ETF had a 0.39% expense ratio.
- FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA +0.73%): This fund broadly invests in global infrastructure, including communication, energy, transportation, and utilities. The fund held shares of 173 companies as of 2025. It had a net expense ratio of 0.47%.
The bottom line on The Boring Company
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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