Neuralink's Valuation on the Secondary Market Soared to $42 Billion — Business Insider
The market is seeing an increase in investment demand for assets affiliated with Elon Musk
The rapid rise in Neuralink's valuation on the secondary market reflects investors' growing appetite for Musk's empire. Photo: kovop/Shutterstock
The estimated valuation of Elon Musk’s company Neuralink, which specializes in the development of neural interfaces, has reached $42 billion in recent secondary market transactions, according to Business Insider, citing a source and documents it reviewed. The new valuation is nearly five times higher than the previous one, which was reached last year.
Details
According to Caplight, an analytical service that tracks private assets, transactions involving Neuralink in recent months have been based on a company valuation ranging from $29 billion to $42 billion. At the same time, some market participants have indicated their willingness to acquire stakes based on a valuation of approximately $60 billion.
The rapid rise in Neuralink’s valuation on the secondary market reflects investors’ growing appetite for Musk’s empire in the fields of AI and robotics, notes Business Insider. Following the record-breaking IPO of aerospace company SpaceX on June 12, private investors are increasingly willing to pay a high premium for access to the entrepreneur’s other startups.
Since Neuralink is a private company, some investors purchase shares on secondary markets, where employees or early investors sell their shares. Business Insider points out that such valuations are benchmarks based on current demand rather than continuous public market quotes.
Neuralink did not respond to the publication's request for comment.
Context
Neuralink is developing brain implants that will allow paralyzed people to control computers with their minds and, in the future, help restore their vision. The project is still in the early stages of development: so far, chips have been implanted in 21 clinical trial participants, according to Business Insider.
Neuralink's official valuation and plans to raise new capital have not been disclosed. The most recent publicly announced investment came in May of this year, when Oman's sovereign wealth fund announced an investment in Neuralink without disclosing the valuation.
This article was AI-translated and verified by a human editor
