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How to Buy The Boring Company Stock [2024] | IPO & Valuation

How to Buy The Boring Company Stock [2024] Step-by-Step
Bogdan Stojkov

Summary: You can’t currently buy The Boring Company stock, as it’s not traded publicly. However, you can still invest in alternative options in the infrastructure sector, all of which are available on our chosen brokerage platform, eToro.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About The Boring Company

The Boring Company homepage. Source: boringcompany.com

Founded in 2016, The Boring Company, under the leadership of Elon Musk—Tesla’s biggest shareholder—aims to alleviate traffic congestion through the construction of underground transportation tunnels. By leveraging advanced tunneling technology, the company aspires to establish a network of efficient and high-speed transportation routes for both passengers and cargo.

Alongside The Boring Company, Elon Musk is also at the forefront of other groundbreaking ventures. These include Starlink, aiming to provide global satellite-based internet coverage, Neuralink, dedicated to developing brain-machine interface technology, and as of April 14, 2022, X (formerly Twitter).

The Boring Company IPO

An initial public offering (IPO) marks the first time a company’s shares become available for public trading, providing an opportunity for investors to buy and own a stake in the company.

As of now, The Boring Company is valued at $7 billion, reflecting an increase from its April 2022 valuation of $5.675 billion during the Series C funding round. Nevertheless, the IPO date remains uncertain, with no indications of imminent plans.

Factors influencing a potential IPO include Elon Musk’s expressed interest, additional venture capital funding, the company achieving profitability, or the release of a publicly available S-1 filing by the SEC.

Despite Elon Musk’s previous consideration of consolidating his companies in December 2020, no further details have emerged, and the exact IPO date will only be known when Musk or other relevant factors signal the company’s readiness to go public.

How to buy The Boring Company stock: Step-by-step

Unfortunately, you can’t buy The Boring Company stock, as it’s not publicly traded. You can, however, look for alternative options and invest in the infrastructure sector through one of our picks in the following segment.

Step 1: Research alternatives

Since you can’t buy The Boring Company stock, it’s crucial to explore other investment opportunities within the infrastructure sector. Here are three to five alternatives to consider:

  • Caterpillar Inc. (NYSE: CAT):
  • AECOM (NYSE: ACM);
  • Jacobs Solutions Inc. (NYSE: J);
  • Martin Marietta Materials, Inc. (NYSE: MLM);
  • Deere & Company (NYSE: DE).

Each of these five alternatives to The Boring Company is available on eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Caterpillar Inc. (CAT)

Caterpillar stands as a global leader in manufacturing construction and mining equipment, renowned for its decades-long commitment to innovation. Positioned at the forefront of increased infrastructure development, it’s well-equipped to meet the growing demand for cutting-edge machinery essential in major construction projects worldwide.

Caterpillar stock price today

[Button: Buy CAT on eToro]

AECOM (ACM)

AECOM is a multinational engineering firm specializing in diverse infrastructure projects, including transportation, environmental, and energy initiatives. With a broad portfolio and expertise in various sectors, the company is poised to play a significant role in the evolving landscape of infrastructure development worldwide.

AECOM stock price today

Jacobs Solutions Inc. (J)

Jacobs Solutions is a key player in the infrastructure sector, focusing on providing technical, professional, and construction services. With a commitment to delivering comprehensive solutions, Jacobs is well-positioned to contribute significantly to the evolving landscape of infrastructure projects.

Jacobs Solutions stock price today

Martin Marietta Materials, Inc. (MLM)

Martin Marietta Materials specializes in the production and sale of construction aggregates, cement, and asphalt, making it an essential player in infrastructure development. With a dedicated focus on supplying crucial materials, it plays a vital role in supporting the construction of roads, buildings, and other infrastructure projects.

Martin Marietta Materials stock price today

Deere & Company (DE)

While renowned for its agricultural equipment, Deere & Company is also involved in construction and forestry equipment, contributing to infrastructure development. Leveraging its diversified portfolio, it brings its expertise to various facets of the infrastructure sector, aligning with the evolving needs of construction and development projects worldwide.

Deere & Company stock price today

Step 2: Choose the right broker

Choosing the right brokerage platform is a key step in purchasing stocks. In essence, a brokerage acts as an online platform facilitating stock transactions. Our go-to platform is eToro, a popular choice known for its diverse array of features, including:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 3: Fund your account

Once you opt for a broker and register an account, you’ll need to fund it. Most brokers allow you to deposit funds through bank transfers, wire transfers, or electronic transfers from your linked bank account. So simply follow the instructions provided by your chosen broker to complete this step.

Step 4: Place your order

With your account funded, it’s time to place an order for the stock. To do so, you can follow these steps:

  • Log in to your brokerage account;
  • Search for your chosen stock using its ticker symbol (e.g., CAT for Caterpillar);
  • Select the number of shares you want to purchase;
  • Choose the type of order (market order or limit order) and set any specific parameters;
  • Review your order and confirm the purchase.

Pros and cons of investing in the infrastructure sector

Pros

Pros

  • Stability: Infrastructure investments often provide stable returns, as they are linked to essential services and long-term projects;
  • Government support: Many infrastructure projects receive government funding and support, reducing the risk associated with economic downturns;
  • Income generation: Infrastructure assets, such as toll roads and utilities, can generate consistent income through user fees.
Cons

Cons

  • Capital intensive: Infrastructure projects require significant upfront capital, making them vulnerable to economic fluctuations and financing challenges;
  • Regulatory risks: The infrastructure sector is subject to various regulations, and changes in government policies can impact the profitability of investments;
  • Project delays: Construction delays and unforeseen challenges can affect the timeline and profitability of infrastructure projects.

Common mistakes to avoid when buying stocks

While investing can be rewarding, it’s essential to avoid making common mistakes. Here are some mistakes to steer clear of:

  • Lack of research: Failing to thoroughly research a company or sector before investing can lead to uninformed decisions;
  • Emotional investing: Emotional reactions to market fluctuations can cloud judgment. It’s crucial to stay objective and stick to your investment strategy;
  • Ignoring diversification: Putting all your funds into a single stock or sector increases risk. Diversification across different assets can help manage risk;
  • Chasing trends: Investing based on short-term trends or hot tips can lead to poor decision-making. Focus on long-term fundamentals;
  • Neglecting fees: Ignoring transaction fees and other costs associated with trading can erode your returns over time. Be mindful of fees and expenses.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy The Boring Company stock

When is The Boring Company IPO expected?

Some reports anticipate the IPO for The Boring Company to take place in 2024, although there aren’t any specific dates.

Who owns The Boring Company?

Elon Musk, the visionary entrepreneur and CEO of Tesla and SpaceX, owns The Boring Company.

What is The Boring Company’s stock symbol?

The Boring Company doesn’t have a ticker symbol, as it isn’t a public company.

What is The Boring Company’s stock price?

As of now, The Boring Company has not undergone an IPO, so its shares are not available on the stock market.

Can I buy The Boring Company stock before the IPO?

Generally, individual investors cannot buy shares before an IPO. Once the IPO occurs, the stock becomes available for public trading.

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