Boxabl

IndustrialUSA
New to Unitard
✂️ Markdown
  1. 🦄
    Became a unicorn
    Sep 2022
  2. 📈
    Peak valuation
    $3.36 Billion ’22
  3. 💔
    Became a Unitard
    ~2023
  4. 💸
    Last valuation
    —
Current status
Private; written down by mutual-fund holders in SEC filings (marks below).

The rise & fall

5 moments · 2017–2023

The key moments.

2017
Founded in Las Vegas
Paolo and Galiano Tiramani set out to mass-produce fold-out houses — the Casita — on an assembly line, pitching a fix for world housing.
Wikipedia
2021
A Casita for Elon
A unit shipped to SpaceX's Texas site is widely reported as Elon Musk's primary residence — priceless marketing for a $50,000 fold-out house.
Business Insider
Sep 2022
The peak: a $3.36B Series A-2$3.36B
The primary round makes the housebuilder a triple unicorn — and a unicorn at all — in a single stroke.
SEC filing
2023
Marked out of the club
Mutual-fund holders cut their marks in SEC filings, dropping the implied value below $1B while the company stays private.
SEC filing
Today
Still private — the funds keep marking
Leader Capital High Quality Income Fund marks it at $0.41/share · as of Jan 2026
SEC NPORT-P

How it happened

Boxabl is a construction technology company focused on mass producing and inventorying “build anything” building blocks. Boxabl's vision is to solve world housing issues by mass producing buildings quickly and cost-efficiently. Last valued near $3.36B (Series A-2, 2022); it has since fallen out of the $1B unicorn club and remains private.

Glassdoor reviews cooled over time, with reviewers citing leadership problems and a heavy focus on promoting the company's crowdfunded stock.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Mutual-fund markdowns

1 fund · SEC NPORT-P

How U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.

Per-share mark from peak
+0%
Leader Capital High Quality Income Fund
$0.41 → $0.41
as of Jan 2026
FundClass$/shFrom peakAs of
Leader Capital High Quality Income Fund$0.41+0%Jan 2026
Leader Capital High Quality Income FundPreferred$0.27—Apr 2026

Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Oct 2026.

Source: SEC NPORT-P fund marks (below); peak per primary round

Founders

Current roles as self-reported on LinkedIn, retrieved 2026-08-21. See our methodology.

Disclosed investors (3)

Historical funding participation; lists may be incomplete and do not establish current ownership or investor losses.

* Lead in a funding round · Crunchbase ↗ · 2026-10-13 · Methodology · Leaderboard

More from the club

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