Neuralink’s Legal Move to Nevada

Elon Musk’s brain implant venture, Neuralink, has shifted its legal headquarters from Delaware to Nevada following a Delaware judge’s dismissal of Musk’s $55.8 billion pay package as Tesla’s CEO. While Neuralink remains physically headquartered in Fremont, California, state records indicate its official relocation to Nevada.

Musk’s Advocacy for Nevada Incorporation

Musk took to X, previously known as Twitter, advocating against incorporating companies in Delaware after the court ruling. He suggested potential moves to Texas or Nevada, emphasizing shareholder influence in corporate decisions. Legal scholars attribute Delaware’s popularity among corporations to its management-friendly laws.

Delaware Court’s Ruling on Tesla Pay Package

Delaware Chancellor Kathaleen St. Jude McCormick invalidated Tesla’s lucrative pay arrangement for Musk, deeming the process flawed and the compensation exorbitant. Musk’s removal from Forbes’ wealthiest individuals list followed this ruling. Despite arguments for the necessity of the package to retain Musk, the judge found Tesla’s board lacking independence and criticized the absence of critical inquiry.


Musk’s Unique Role and Shareholder Argument

Supporters contend that Musk’s distinctiveness warrants unconventional compensation duty and asserting that the pay plan resulted from non-independent negotiations.

Neuralink’s Milestone and Musk’s Announcement

His integral role in Tesla’s success, characterized by groundbreaking achievements and industry disruption, underpins arguments for his compensation. McCormick’s ruling stemmed from a shareholder lawsuit, alleging breaches

Musk recently disclosed on X the first human implantation by Neuralink, though details about the recipient remain undisclosed.