"Neuralink's Corporate Move: Elon Musk Shifts Incorporation to Nevada"

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Source: Yahoo Finance
"Neuralink's Corporate Move: Elon Musk Shifts Incorporation to Nevada"
Photo: Yahoo Finance
TL;DR Summary

Elon Musk's brain implant company, Neuralink Corp., has reincorporated in Nevada from Delaware, aiming to distance itself from legal setbacks in the latter state. The move follows a Delaware judge striking down Musk's $55 billion Tesla Inc. pay package. Neuralink's technology aims to help people with traumatic injuries operate computers using their thoughts, and Musk has hinted at giving people control of devices through the implant. This isn't the first time Musk has moved a company's incorporation out of Delaware, and he has expressed interest in shifting Tesla's incorporation from Delaware to Texas, which would require a shareholder vote.

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