Elon Musk has made the decision to relocate his brain-chip implant company, Neuralink, from Delaware to Nevada. The move was completed on Thursday with a notice sent to shareholders. According to Bloomberg, this change was prompted by Musk’s frustration with the legal setbacks he faced in Delaware, including a judge striking down a $55 billion pay package for the Tesla CEO.
Musk took to social media platform X (formerly Twitter) to express his views on the matter, recommending Nevada or Texas as the preferred states for incorporating a company. In addition to moving Neuralink to Nevada, Musk has also expressed his desire to reincorporate Tesla, moving it out of Delaware. He ran a public poll on X asking if Tesla should move its incorporation to Texas and later stated that “the public vote is unequivocally in favor of Texas.”
Despite its reputation as the US’s incorporation capital and home to 1.3 million legal entities, Delaware’s legal climate has not been favorable to Musk recently. His recent decisions reflect his growing frustration with the state’s legal system.
Neuralink conducted its first human brain implant in January and aims to find a way for humans to control a computer keyboard or cursor with their thoughts. With the patient said to be recovering well, the company continues to forge ahead with its research and development goals in its new location in Nevada.