Billionaire’s Brain Implant Firm Moves Base
In a dramatic turn of events, billionaire visionary Elon Musk’s brain implant company Neuralink Corp. has signaled a shift in its incorporation from Delaware to Nevada, leaving the former behind.
Rift with Delaware Judiciary
The move, formally announced to shareholders in a notice, follows Musk’s recent dispute with the Delaware judiciary over the annulment of his staggering $56 billion pay package at electric vehicle company Tesla by Delaware’s Court of Chancery last month. The judge criticized the package as “an unfathomable sum” and faulted the board for failing to evaluate its necessity for Tesla’s retention of Musk.
Musk’s Candid Recommendation
Elon Musk, known for his outspoken nature, took to social media platform X to express his frustration, advising against incorporating companies in Delaware and advocating for Nevada or Texas due to their purported better alignment with shareholder interests.
Significance of the Move
The strategic move by Neuralink comes on the heels of a pivotal achievement for the company. Last week, Neuralink made headlines by successfully implanting a device into a human brain for the first time, with Musk reporting positive progress and promising neuron spike detection.