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Neuralink Moves from Delaware to Nevada, Musk Criticizes Pay Ruling

ByEditor

Feb 12, 2024

Elon Musk has moved his company Neuralink from Delaware to Nevada due to legal frustrations. He said in a post formerly made on Twitter, “Never incorporate your company in the state of Delaware.” Neuralink is the company and its decision follows several legal setbacks for Musk in the state. After completing the move on Thursday, the company announced the decision in a notice sent to shareholders, according to Bloomberg.

Musk expresses his disapproval in a number of posts on X, formerly known as Twitter, about incorporating the company in the state of Delaware, and recommended incorporating in Nevada or Texas. The Tesla CEO has also signaled his intention to reincorporate Tesla and move it out of Delaware.

After the $55 billion pay package was struck down following the voiding of the deal, Musk sought to move his company’s incorporation to Texas. The Tesla CEO quickly made moves to begin the transfer, after a poll on his social media profile showed that the public vote decisively favored the move. It is important to note that Delaware is known as the US’s incorporation capital, housing over 1.3 million entities and more than 60% of the nation’s Fortune 500 companies incorporated there, according to the state’s official website.

Getty Images Neuralink added that it completed its first human brain implant in January. The company’s initial goal is to allow humans to control a computer keyboard or cursor with their thoughts.

By Editor

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