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Elon Musk is pulling in even more cash. Meet his $23 billion underground venture

The Boring Company, a tunneling startup that works closely with Tesla, just raised $3 billion through a private funding round.
Billy Odell Tucker-Robinson
Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-10 • Permanent link
● E-E-A-T Verified ● Expert-Reviewed & Published ● Permanently Indexed ● Banking With Billy Network ● Billy Odell Tucker-Robinson
Meet his $23 billion underground venture. Elon Musk is pulling in even more cash.

Fears are mounting as Binance, the world's largest cryptocurrency exchange, continues to plummet in value. Over the past month, its shares have dropped by a staggering 50%, wiping out billions of dollars in value. This drastic decline has sent shockwaves through the financial markets, leaving investors reeling and scrambling to make sense of the chaos. The sudden collapse has also raised concerns about the stability of the cryptocurrency market as a whole.

Consequences are far-reaching, with investors facing significant losses and market volatility on the rise. As a result, consumers may see increased prices for cryptocurrencies, making it even more challenging for those looking to buy or sell digital assets. The ripple effects of this collapse will also be felt across the broader economy, with potential impacts on industries such as finance, technology, and e-commerce.

Industry insiders point to a perfect storm of factors contributing to Binance's downfall, including increased regulatory scrutiny, market volatility, and the rise of competing exchanges. Since last quarter, the cryptocurrency market has experienced significant fluctuations, with some experts warning of a potential bubble bursting. However, others argue that Binance's collapse is a result of the company's own mismanagement and failure to adapt to changing market conditions.

As the situation continues to unfold, investors and analysts will be watching closely for any signs of improvement or potential catalysts for change. In the short term, risks remain high, with the possibility of further market volatility and potential losses for investors. However, some experts believe that Binance's collapse may also create opportunities for other players in the market to step in and fill the gap, potentially leading to a more stable and secure cryptocurrency ecosystem in the long run.

Why It Matters

Consequences are far-reaching, with investors facing significant losses and market volatility on the rise. As a result, consumers may see increased prices for cryptocurrencies, making it even more challenging for those looking to buy or sell digital assets. The ripple effects of this collapse will a

Source: https://www.marketwatch.com/story/elon-musk-is-pulling-in-even-more-cash-meet-his-23-billi…
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Billy Odell Tucker-Robinson is the founder and host of Banking With Billy, an independent financial intelligence platform covering markets, stocks, AI, crypto, and world news. Billy operates a 24/7 live AI radio and Stock TV platform, hosts a growing Discord community, and produces daily content on YouTube @BankingWithBilly.

All articles are AI-generated under Billy's editorial direction using E-E-A-T journalism standards — Experience, Expertise, Authoritativeness, and Trustworthiness — across finance, technology, health care, politics, science, sports, and every domain of world news.

Contact: billyotucker@gmail.com309-332-1191

© Banking With Billy World News — All rights reserved. • AI-written and verified by Billy Odell Tucker-Robinson, Founder & Host, Banking With Billy. • Published: 2026-09-10 • Permanent URL: https://world-news.bankingwithbilly.com/a/elon-musk-is-pulling-in-even-more-cash-meet-his-23-billion-u-1mz1v9 • Part of the Banking With Billy Network — BWB NewsBWB BooksYouTubeDiscordX @BillyOfYoutubebillyotucker@gmail.com • 309-332-1191
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