Elon Musk’s Neuralink could fetch $8.5 billion valuation

Share via:


Elon Musk‘s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

The company has started preliminary discussions with potential investors, but terms of the funding round are not yet finalized, according to the report.

Neuralink did not immediately respond to a Reuters request for comment.

The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Elon Musk’s Neuralink could fetch $8.5 billion valuation


Elon Musk‘s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.

The company has started preliminary discussions with potential investors, but terms of the funding round are not yet finalized, according to the report.

Neuralink did not immediately respond to a Reuters request for comment.

The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Finance automation startup Hyperbots raises $6.5 million from Arkam...

Hyperbots, which builds agentic AI co-pilots for finance...

Apple confirms iOS 19 will end support for legacy...

Apple plans to launch new Home products this...

PhonePe UPI payments disrupted as new data centre fails...

Digital payments major PhonePe reported a disruption in...

Popular

Upcoming Events

Donald Trump family Bitcoin company announces plan to go...

American Bitcoin, a cryptocurrency firm co-founded by Eric...

ACID-Compliant Distributed SQL Enters the Agentic AI Era

Virtually every application has a datastore, whether for...

macOS 16 to enable clipboard privacy protection

Apple has updated the AppKit documentation to inform...
iptv portugal iptv portugal iptv portugal