When Will The Boring Company Go Public? IPO Outlook + Options
No, The Boring Company is not publicly traded. It’s a private, founder-controlled company, so most retail investors can’t buy it directly today. If you want exposure, the realistic paths are waiting for an IPO, looking at comparable public companies, or—if you’re accredited—checking private secondary markets.
No, The Boring Company is not publicly traded. It’s a private, founder-controlled company, so most retail investors can’t buy it directly today. If you want exposure, the realistic paths are waiting for an IPO, looking at comparable public companies, or—if you’re accredited—checking private secondary markets.
The Boring Company keeps drawing attention because it sits at the intersection of Elon Musk, infrastructure, and transportation tech. It’s building tunnels, pushing its Prufrock boring machine, and continuing work on projects like the Las Vegas Loop and Nashville’s Music City Loop, which is exactly the kind of high-profile story retail investors want to get in on.
That interest runs into a simple problem: the company is still private. Here’s what it does, whether you can buy shares, what an IPO would require, and the closest public-market alternatives investors usually use instead.
What is The Boring Company?
The Boring Company was founded in 2017 by Elon Musk. It designs and manufactures tunnel boring machines and builds underground transportation systems, especially its Loop projects. On its own site, the company says Prufrock targets a tunneling pace of 1 mile per week and says an all-in Loop tunnel can cost less than $5 million per mile.
The company says it has headquarters in Las Vegas, Nevada and Bastrop, Texas. Its Las Vegas Loop has transported more than 3 million passengers, according to the company. The most recent disclosed valuation in the materials reviewed was from its April 20, 2022 Series C round, which raised $675 million and valued the company at $5.675 billion. Public sources reviewed here do not disclose revenue or employee count.
Is The Boring Company publicly traded?
No, The Boring Company is currently a privately held company, so there is no public ticker you can buy on a stock exchange. Public materials describe it as private, and its SEC no-action letter also refers to its private company status.
Ownership is founder-controlled and venture-backed. Public disclosures do not show a full cap table, but Elon Musk is the founder and central strategic figure, and the company has financed itself through private capital rather than public markets.
When will The Boring Company go public?
There is no S-1 filing for The Boring Company in SEC records, and I did not find a credible public statement from the company or Musk saying an IPO is actively planned. The public record points the other way: the company has continued to raise private capital and operate as a private infrastructure and transportation business.
The most recent disclosed valuation is $5.675 billion from the April 2022 Series C round. For would-be investors, the key things to watch are any new funding round, any SEC filing, or any clear shift in messaging from private financing toward a public listing. Until then, an IPO is speculation, not a known process.
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For most retail investors, the first option is simple: wait for an IPO. If The Boring Company ever files to go public, you’d typically buy shares through a brokerage once the stock starts trading, or try to participate in the offering through an underwriter if you qualify and get access. Right now, there is no public listing to buy.
There is no public parent company here, so that route does not exist. The more realistic public-market approach is to buy companies that investors use as functional proxies for the business: heavy equipment, infrastructure, and project-delivery names. If you want direct ownership before an IPO, private secondary markets may exist, but access is generally limited to accredited investors and availability is not guaranteed.
That means the honest answer is that direct retail access is closed-door today. If you’re not accredited, the practical path is to use public comparables instead of chasing a private-share workaround that may not be available.
Indirect exposure: backdoor ways to invest
A few indirect routes exist, but they are not the same as owning The Boring Company itself. One SEC filing for a private-markets vehicle says it may seek exposure to private companies and use private secondary marketplaces, and another filing from a different private fund says it intends to target Elon Musk-affiliated private companies such as The Boring Company. That is not proof of a live position, just evidence that some vehicles may try to get exposure.
Tesla (TSLA) is the clearest public-market indirect exposure path because it discloses related-party business with entities affiliated with Elon Musk, including The Boring Company. That said, Tesla is still Tesla—you are buying a public EV and energy company, not tunnel assets. Any private-markets fund or secondary route should be treated cautiously, especially because these vehicles can have high fees, minimums, and very small effective exposure to any single private name.
Closest publicly-traded alternatives
The closest public comparables are imperfect, but investors usually start with Caterpillar (CAT), Vinci (DG.PA), and AECOM (ACM). Caterpillar is the best proxy for heavy equipment and industrial machinery tied to excavation and construction. Vinci is a useful infrastructure and concessions comp because it has transport and civil-works exposure. AECOM fits as an engineering and project-delivery name tied to large public infrastructure work.
None of these are direct matches for The Boring Company’s tunnel-and-transit model, but they are the closest listed names shareholders look at when they want public exposure to the same broad theme. If you want something you can actually buy today, these are the names most likely to show up in the conversation.
Recent news
The most recent company-posted updates show continued activity around Nashville’s Music City Loop. The company posted a July 28, 2025 announcement about the project and later 2025 updates describing permitting, tunneling progress, and machine deployment.
The company also continues to promote Prufrock and its Bastrop factory operations, including a 2026 factory-tour reference on its site. I did not find a recent disclosed funding round, leadership change, or major regulatory enforcement action in the last 6–12 months from the primary sources reviewed.
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If you want to invest in The Boring Company, the blunt answer is that you can’t buy it directly on the public market today. There’s no IPO filing, no public ticker, and no clear sign that a listing is underway.
For most retail investors, the best move is to watch for a future IPO and, in the meantime, use public proxies like CAT, DG.PA, and ACM if you want exposure to the broader infrastructure and tunneling theme. If you’re accredited, you can also look at private secondary markets, but that’s a limited-access route, not a guaranteed one.
▌Common Questions
Frequently asked questions
+Is The Boring Company publicly traded?
No, The Boring Company is currently a privately held company, so there is no public ticker you can buy on a stock exchange. Public materials describe it as private, and its SEC no-action letter also refers to its private company status.
+When will The Boring Company go public?
There is no S-1 filing for The Boring Company in SEC records, and I did not find a credible public statement from the company or Musk saying an IPO is actively planned. The public record points the other way: the company has continued to raise private capital and operate as a private infrastructure and transportation business.
+How can you invest in The Boring Company?
For most retail investors, the first option is simple: wait for an IPO. If The Boring Company ever files to go public, you’d typically buy shares through a brokerage once the stock starts trading, or try to participate in the offering through an underwriter if you qualify and get access. Right now, there is no public listing to buy.
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