Elon Musk's Brain Chip Company Neuralink Employees Eye Stock Sale After Valuation Surge: Report

Quick Summary:

The value of Neuralink, the brain implant company founded by Elon Musk, has skyrocketed following its first human trial, leading some employees to reportedly gear up for a possible stock sale.

What Happened: Neuralink might initiate a tender offer as soon as next month to repurchase shares from staff looking to sell, reported Reuters, citing two people briefed on the matter.

The company’s shares are not publicly traded, and selling them without Neuralink’s approval involves intricate procedures on specialized private market exchanges.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United StatesCanada

Topics: Media Health Care Brain Implant Benzinga Stories That Matter Tech Benzinga neuro Elon Musk Neuralink News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 02:27:32 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21758065

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