Musk’s Neuralink Ditches Delaware, Reincorporates in Nevada
- Billionaire has fraught history with Delaware legal system
- Musk has said he’ll move Tesla’s incorporation from the state
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Elon Musk’s brain implant company, Neuralink Corp., switched the location of its business incorporation to Nevada from Delaware, taking steps to cut ties to a state where Musk has suffered significant legal setbacks — one over pay and another over his acquisition of Twitter.
The change was completed Thursday, according to the office of the Nevada secretary of state and a notice sent to shareholders in the company. Last week, a Delaware judge struck down Musk’s $55 billion Tesla Inc. pay package. In a post on X, the social network he owns, Musk advised founders not to incorporate in the state.