Elon Musk’s Boring Company is reportedly raising $4 billion at a $20 billion valuation, proving the market rewards builders who actually get things done while the establishment press smears him for defunding their woke operations.
While the government wastes billions on failing infrastructure, private capital is flooding into Musk’s tunneling venture, which already operates in Las Vegas and has plans for major American cities. The same institutional class that cannot build a train station on time is now attacking Musk with environmental citations and media hit pieces because he threatened their gravy train—specifically, the USAID funding that bankrolled leftist ideology worldwide.
According to TechCrunch, the Boring Company’s valuation has jumped from $5.7 billion in 2022 to $20 billion. The company has built a functional tunnel network in Las Vegas using Teslas to shuttle customers and has announced plans for Nashville, Baltimore, Chicago, Los Angeles, and Dubai. TechCrunch noted that Nevada regulators cited the company for nearly 800 environmental violations and that tunnel workers have suffered serious injuries. TechCrunch framed these regulatory clashes as a straightforward safety and compliance problem; ZeroHedge provides the broader context for why regulators and the press are targeting Musk in the first place.
ZeroHedge reports that the media’s hatred for Musk stems from his 2022 departure from the Democrats—he called them the "party of division and hate"—and his purchase of Twitter, which disrupted the left’s dominance of the social media landscape. In a recent Economist interview, the publication asked "Should You Be Afraid Of Elon Musk?" and Swiss-owned far-left outlet Gizmodo described Musk as "melting down" over "normal questions." ZeroHedge argues this is standard gaslighting from media disinformation agents who cannot handle being exposed for their dishonesty.
The smears go beyond name-calling. Musk is accused of promoting racism, fascism, sexism, and genocide. The "killing millions" accusation comes from his DOGE efforts and the shutdown of USAID. ZeroHedge reports that USAID was not primarily a humanitarian organization but a "central funding hub for the spread of woke ideology and propaganda around the globe." The outlet notes that Pride and transgender activist movements dissipated once federal funding through organizations like USAID dried up, questioning how much money actually went to humanitarian projects versus the "hungry pockets of Democrat politicians and leftist NGOs."
Follow the money: the establishment protects USAID because it funds their political allies. The regulatory citations and the media smears are two fronts of the same war. The permanent Washington class uses regulatory burdens to slow down private builders and media narratives to destroy their reputation, all to protect the flow of American taxpayer dollars into their ideological projects. Musk is building the infrastructure the government cannot, and the establishment is desperate to stop him.
Musk is digging tunnels under American cities while the establishment digs in to protect its funding. The open question is whether American infrastructure can outpace the regulatory and media swamp that feeds on the public dime.
