Elon Musk has decided 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, the shift was prompted by Musk’s frustration with legal setbacks 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 recommend Nevada or Texas as the preferred states for incorporating a company. In addition to moving Neuralink out of Delaware, Musk has also expressed his desire to reincorporate Tesla and move it out of Delaware. Musk 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 being home to 1.3 million legal entities and having a reputation as the US’s incorporation capital, with more than 60% of the nation’s Fortune 500 companies incorporated there, Delaware’s legal climate has recently frustrated Musk. Neuralink conducted its first human brain implant in January and aims to find a way for humans to control computer keyboards or cursors with their thoughts. The patient said they were recovering well, but the company continues with its research and development goals.