Billionaire Elon Musk's cybernetic implant company, Neuralink, has changed its location of incorporation from Delaware to Nevada, state records show. The move comes about a week after Musk said Tesla would hold a shareholder vote to transfer its state of incorporation to Texas from Delaware after a judge voided his $56 billion pay package. "Never incorporate your company in the state of Delaware," Musk posted on X, formerly Twitter, after that ruling came down.
Last week, Delaware judge Kathaleen McCormick sided with Tesla investors who had challenged the 2018 share-based pay package, ruling that the "unfathomable sum" was unfair to shareholders and negotiated by directors who appeared beholden to Musk. In response to that ruling, Musk polled X users, asking, "Should Tesla change its state of incorporation to Texas, home of its physical headquarters?" The results of the poll were 87.1% "Yes" and 12.
Musk announced last week that Neuralink successfully implanted its first brain chip into a human patient, who is reportedly recovering well. In September, Neuralink announced it was holding open recruitment for the first-in-human clinical trial of its wireless brain-computer interface .
On Jan. 28, the first implant was placed in a human. "The first human received an implant from @Neuralink yesterday and is recovering well," Musk posted on X on Jan. 29. "Initial results show promising neuron spike detection." GET FOX BUSINESS ON THE GO BY CLICKING HERE The tech mogul also tweeted that the first version of Neuralink is called Telepathy, explaining that it enables people to control their phone or computer, and through them almost any device, just by thinking.
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