Elon Musk's Boring Co. closes $20 billion round with an unusual catch — investors must help recruit or lose shares

The Boring Company has reportedly secured a substantial $20 billion funding round. A distinctive condition of this investment is that participating investors are obligated to actively recruit new talent or potential customers for the company. Failure to meet these recruitment targets, as outlined in the agreement, could result in a reduction of their equity stake.

This funding marks a significant capital infusion for the tunneling and infrastructure firm, co-founded by Elon Musk. The unusual recruitment clause suggests a strategic effort by The Boring Company to leverage its investor base for business development and expansion. The company, known for its Las Vegas Convention Center Loop project, aims to alleviate urban traffic congestion through underground transportation systems.