10-2-2024 (SAN FRANCISCO) Elon Musk’s brain-chip implant company, Neuralink, has recently changed its location of incorporation from Delaware to Nevada, according to official business portals in both states. This decision comes just a week after Musk announced that Tesla, another company under his helm, would be holding a shareholder vote to transfer its state of incorporation from Delaware to Texas. The move by Neuralink to switch its incorporation location is seen as part of Musk’s ongoing efforts to consolidate his businesses in favorable jurisdictions.
The relocation of Neuralink’s incorporation to Nevada carries potential implications for both the company and its stakeholders. While the specifics of the decision have not been disclosed, legal experts predict that there may be challenges and potential lawsuits if the move is perceived as an attempt to secure Musk’s controversial $56 billion pay package. Such legal disputes could arise from investors who perceive the relocation as a strategic maneuver to protect Musk’s financial interests.
Neuralink, which focuses on developing brain-computer interface technology, made headlines recently when Musk declared that the company had successfully implanted its first brain chip in a human patient. The patient’s recovery following the procedure was reported as positive, marking a significant milestone for Neuralink’s ambitious goals in the field of neurotechnology.
As of now, Neuralink has not provided any official comment in response to a request for clarification regarding the incorporation change.
