Elon Musk Speaks Out Against Pay Ruling as Neuralink Moves from Delaware to Nevada

Elon Musk Moves Neuralink Out of Delaware, Cites Legal Setbacks and Frustration

Elon Musk has announced the relocation of his brain-chip implant company, Neuralink, from Delaware to Nevada. According to Bloomberg, the move was completed on Thursday with a notice sent to shareholders. Musk cited legal setbacks in Delaware as the reason for the shift, including a judge striking down a $55 billion pay package for the Tesla CEO. On social media platform X (formerly Twitter), Musk recommended Nevada or Texas as the preferred states for incorporating a company.

In addition to moving Neuralink to Nevada, Musk has also expressed his desire to reincorporate Tesla, moving it out of Delaware. Musk ran a public poll on X asking if Tesla should move its incorporation to Texas and later stated that “the public vote is unequivocally in favor of Texas.”

Despite its reputation as the US’s incorporation capital, with more than 60% of the nation’s Fortune 500 companies incorporated there, Delaware is no longer home to 1.3 million legal entities. The state’s advantages for large businesses are now overshadowed by Musk’s recent decisions reflecting his frustration with the legal climate in Delaware.

Neuralink conducted its first human brain implant in January and aims to find a way for humans to control a computer keyboard or cursor with their thoughts. With the patient said to be recovering well, the company continues to forge ahead with its research and development goals.

Leave a Reply

Latvia recognized as a leader in promoting women in science and technology within the EU Previous post Women’s Representation in Science and Engineering Sectors: Uneven Distribution Across EU Member States
Oklahoma State Department of Health introduces loan repayment program to address clinician shortages Next post Providing Financial Support for Healthcare Professionals in Shortage Areas: Launch of Oklahoma’s OK Health Corps Loan Repayment Program