Elon Musk has announced that Neuralink, his brain-chip implant company, is now located in Nevada after shifting it out of Delaware. According to Bloomberg, the move was completed on Thursday with a notice sent to shareholders. Musk expressed his 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.
Aside from moving Neuralink to Nevada, Musk has also expressed his desire to reincorporate Tesla, moving it out of Delaware. In a public poll on X, Musk asked if Tesla should move its incorporation to Texas and later stated that “the public vote is unequivocally in favor of Texas.”
Delaware currently hosts 1.3 million legal entities and is known as the US’s incorporation capital, with over 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 develop a way for humans to control a computer keyboard or cursor using their thoughts. The patient is said to be recovering well, and the company continues to push forward with its research and development goals.