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. The decision was prompted by Musk’s frustration with the legal setbacks in Delaware, which included 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. A public poll conducted by Musk on X revealed that the majority of respondents favored Texas as the location for Tesla’s incorporation.
Delaware is currently home to 1.3 million legal entities and is known as the US’s incorporation capital, with more than 60% of the nation’s Fortune 500 companies incorporated there. However, Musk’s recent decisions reflect 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. The patient is said to be recovering well and the company continues its research and development goals in its new location in Nevada.