Neuralink's Secondary Market Valuation Soars to $42 Billion Amid Investor Frenzy for Musk's Companies
Elon Musk's brain-chip startup Neuralink is being valued as high as $42 billion in secondary market transactions, according to Business Insider. This represents a nearly fivefold increase from its $9 billion valuation in its last funding round. Private market data provider Caplight reports recent transactions ranging from $29 billion to $42 billion, with some bidders attempting to buy shares at an almost $60 billion valuation. The surge reflects growing investor appetite for Musk's AI and robotics empire, particularly following SpaceX's blockbuster IPO. Neuralink, which builds brain implants to help paralyzed people control computers, has so far implanted chips in 21 trial patients. The company's official valuation and whether it is raising new funding remain unclear, though Oman's sovereign wealth fund disclosed an investment in May at an undisclosed valuation. Some investors are balking at the high prices, but demand remains intense.
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