Elon Musk has recently decided to move the establishment of his brain implant company, Neuralink, from Delaware to Nevada. According to Bloomberg, the move was completed on Thursday with a notice sent to shareholders. Musk expressed his frustration over the legal setbacks in Delaware, which include a judge striking down a $55 billion pay package for the Tesla CEO. On the social media platform, X (formerly Twitter), Musk recommended Nevada or Texas as desirable states to establish a company.
In addition to moving Neuralink to Nevada, Musk also expressed his desire to re-incorporate Tesla, moving it from Delaware. Musk conducted a public poll on X, asking if Tesla should move his company to Texas, and later stated that “the public vote is unequivocally in favor of Texas.”
Delaware is home to 1.3 million corporate entities and has a reputation as the incorporation capital of the US, with more than 60% of the Fortune 500 companies in the country. Despite the state’s benefits for big business, Musk’s recent decisions reflect his frustration with Delaware’s legal climate.
Neuralink performed its first human brain implant in January and aims to find a way for people to control a computer keyboard or cursor with their thoughts. With the patient said to be recovering well, the company continues to move forward with its research and development goals.