Business
Elon Musk moves Neuralink headquarters to Nevada
By Jake Beardslee · February 10, 2024
In brief…
- Neuralink changed incorporation from Delaware to Nevada after Musk criticism
- Tesla may also change incorporation to Texas after shareholder vote
- Neuralink implanted first brain chip into human patient last week
- Chip aims to help paralyzed people control devices with thoughts
- Musk: Goal is for "telepathy" faster communication than typing
Elon Musk’s neurotechnology firm Neuralink recently changed its state of incorporation from Delaware to Nevada, according to state records. This move comes about a week after the Tesla CEO said his electric vehicle company would hold a shareholder vote to transfer its incorporation from Delaware to Texas.
Musk stated on X, “Never incorporate your company in the state of Delaware,” after a judge voided his $56 billion Tesla pay package last week. The Delaware judge sided with Tesla investors who challenged the “unfathomable sum” as unfair to shareholders.
Last week, Musk polled X users about moving Tesla’s incorporation to Texas, where its headquarters is located. Over 87% voted “Yes” out of over 1.1 million respondents. “The public vote is unequivocally in favor of Texas!” Musk said. “Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas.”
However, changing Tesla’s state could prompt lawsuits, especially if seen as securing Musk’s pay, experts tell Reuters.
In separate news, Musk announced Neuralink successfully implanted its first brain chip into a human patient last week, who is reportedly recovering well.
In September, Neuralink sought participants for a clinical trial of its wireless brain-computer interface. The study would evaluate the safety of Neuralink’s implant and robot, and assess helping paralyzed people control devices with thoughts.
On January 28th, the first human received an implant, Musk posted. “Initial results show promising neuron spike detection,” he tweeted.