Elon Musk's Neuralink sees valuation soar to $5 billion after private stock trades, report says
startup boosted its worth in recent months, Reuters said, citing privately executed stock trades described by several sources.
To be sure, secondary trades, which are done by existing shareholders like employees and early investors, take place in thin volume, potentially skewing valuation estimates. That's in contrast to fundraising rounds or initial public offerings, which draw in new investors on a broader scale.for a human trial.
Neuralink's valuation climb goes against the grain of most startups. Currently, 85% of pre-IPO companies are undergoing a 47% discount in secondary trades, Reuters reported, citing Caplight data. Musk has previously laid out grander ambitions, expressing that the brain chips would open the doors to mental telepathy or web-browsing, as well as treating mental illness.that human trials would occur in 2022, but was held back by the Food and Drug Administration, which cited safety concerns.
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