Musk's Boring Company asks investors to help recruit staff, WSJ reports
Elon Musk's Boring Company asked some investors in its latest funding round to help recruit employees and make introductions to government officials, with the right to buy back shares from those who fail to deliver, The Wall Street Journal exclusively reported — another Musk company besides SpaceX and xAI raising capital on unusual terms, reviving investor questions about how his time and resources are split.
Tunneling startup The Boring Company set unusual terms for investors in its latest funding round, The Wall Street Journal exclusively reported on September 3.
According to WSJ, some investors who joined the round were asked to help recruit candidates for specific roles the company is looking to fill, or to make introductions to government officials in places where Boring might build tunnels.
More unusual still, Boring reportedly secured the right to buy back some of those investors' shares if they fail to deliver on those asks — turning investors into a source of talent and connections, not just capital.
The Boring Company has been working since earlier this year to raise roughly $4 billion in new funding at a valuation of around $20 billion; the new terms surfaced as that round was being finalized.
For shareholders, the notable thread is that SpaceX, xAI and now Boring have all raised large sums on unusual terms in succession — a pattern that revives long-standing investor questions about how much of Musk's time and resources are split across his companies.
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