Tuesday, October 21, 2025

‘Never Incorporate Your Company in the State of Delaware’: Musk Moves Neuralink to Nevada

Shortly after a Delaware judge voided Tesla (Nasdaq: TSLA) CEO Elon Musk’s $55 billion compensation package, which significantly eroded his net worth, Musk has decided that he is done with Delaware. 

On Thursday last week, Musk completed the reincorporation of his brain implant company, Neuralink Corp. in Nevada. Bloomberg confirms that a notice was sent to shareholders letting them know that their outstanding shares in the Delaware corporation would be incorporated into outstanding shares in the Nevada corporation.

Flashback: (Nov 23, 2023) Neuralink Raises $323 Million As Firm Faces Congress Scrutiny

After years of regulatory issues, Neuralink achieved a significant milestone in late January when Musk announced that the first human patient had received a brain implant from Neuralink. Musk said that the patient is “recovering well,” and that initial results are promising.

No other details have been released since.


Information for this story was found via Bloomberg, the Associated Press and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Newly-Released Court Docs Show How Elon Musk’s 2018 Deal With Saudi Fund Fell Through

A transcript of Elon Musk’s exchange with Yassir Al-Rumayyan, the managing director of Saudi Arabia’s...

Tuesday, April 26, 2022, 04:28:00 PM

Dogecoin Goes Up 8% After Elon Musk Says He’ll Keep Buying

Everyone already knows that when Elon Musk, who was once called the “Dogefather,” says anything...

Monday, June 20, 2022, 04:32:00 PM

Pierre Poilievre Calls on Elon Musk to Label CBC as ‘Government-Funded Media’

Conservative Party leader Pierre Poilievre is calling on Twitter CEO Elon Musk to slap a...

Wednesday, April 12, 2023, 03:29:00 PM

Elon Gets Sued By Shareholders Over Solar City Acquisition

Today I want to talk about the lawsuit between Elon and Tesla shareholders over the...

Tuesday, July 13, 2021, 02:00:00 PM

Elon Musk, Trump’s DOGE Head, Wants A “Zero-Tariff” Environment

Elon Musk, a onetime star in the Trump administration’s Department of Government Efficiency, has talked...

Monday, April 7, 2025, 03:40:00 PM