Delaware
Elon Musk's Neuralink moves legal home to Nevada after Delaware judge invalidates his Tesla pay deal
Elon Musk’s brain implant company Neuralink has moved its legal corporate home from Delaware to Nevada after a Delaware judge struck down Musk’s $55.8 billion pay package as CEO of Tesla.
Neuralink, which has its physical headquarters in Fremont, California, became a Nevada company on Thursday, according to state records. Delaware records also list the company’s legal home as Nevada.
The move comes after Musk wrote on X, formerly Twitter, that shareholders of Austin-based Tesla would be asked to consider moving the company’s corporate registration to Texas.
“Never incorporate your company in the state of Delaware,” he wrote in one post after the court ruling. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.”
Legal experts say most corporations set up legal shop in Delaware because laws there favor corporations. “Delaware built its preferred state of incorporation business by being friendly to company management, not shareholders,” said Erik Gordon, a business and law professor at the University of Michigan.
On Jan. 30, Delaware Chancellor Kathaleen St. Jude McCormick invalidated the pay package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” In her ruling, she called the package “the largest potential compensation opportunity ever observed in public markets by multiple orders of magnitude.”
McCormick’s ruling bumped Musk out of the top spot on the Forbes list of wealthiest people.
Musk, a co-founder of the privately held Neuralink, is listed as company president in Nevada documents. Messages were left Saturday seeking comment from Neuralink and Tesla.
McCormick determined that Tesla’s board lacked independence from Musk. His lawyers said the package needed to be rich to give Musk an incentive not to leave — a line of reasoning the judge shot down.
“Swept up by the rhetoric of ‘all upside,’ or perhaps starry eyed by Musk’s superstar appeal, the board never asked the $55.8 billion question: ‘Was the plan even necessary for Tesla to retain Musk and achieve its goals?’” McCormick wrote.
Musk’s fans argue that he shouldn’t be paid like other CEOs because he isn’t like other CEOs. He and Tesla are practically inseparable, so keeping him as CEO is key to the company’s growth. He built the company from an idea to the most valuable automaker in the world, last year selling more electric vehicles than any other company. His star power gets free publicity, so the company spends little on advertising. And he has forced the rest of the auto industry to accelerate plans for electric vehicles to counter Tesla’s phenomenal growth.
McCormick’s ruling came five years after shareholders filed a lawsuit accusing Musk and Tesla directors of breaching their duties and arguing that the pay package was a product of sham negotiations with directors who were not independent of him.
The defense countered that the pay plan was fairly negotiated by a compensation committee whose members were independent and had lofty performance milestones.
Musk wrote on X last month that the first human received an implant from Neuralink. The billionaire did not provide additional details about the patient.
Claiming lottery in Delaware
18 states have laws that allow national lottery prize jackpot winners to remain anonymous, but is Delaware among them?
Do you have a Powerball ticket lying around? If so, check your ticket because you might be a winner.
There are three unclaimed Powerball prizes in Delaware worth $50,000 or more including a $2-million winning Powerball ticket, according to the Delaware Lottery. There’s also a Delaware Lottery game winner worth nearly $400,000 that is still unclaimed.
As of Tuesday, April 7, these tickets remain unclaimed, according to lottery officials.
Think you might be a winner? Check the numbers here:
Powerball unclaimed tickets
- $2 million winning ticket sold at Boyd’s Corner Liquors in Middletown for Wednesday, Jan. 7, 2026, drawing
- $50,000 winning ticket sold at Brookside Liquors in Newark for Wednesday, Aug. 27, 2025, drawing
- $50,000 winning ticket sold at Wawa No. 849 in Rehoboth Beach for Saturday, Aug. 2, 2025, drawing
Delaware Lottery unclaimed tickets
- $390,000 Lucky for Life winning ticket sold at Safeway #2706 in Rehoboth Beach for Friday, April 18, 2025, drawing
Can I claim a jackpot prize anonymously in Delaware?
Fortunately for First State residents, the Delaware Lottery allows winners to remain anonymous. Unlike many other states that require a prize be over a certain jackpot, Delawareans can remain anonymous no matter how much or how little they win.
How can I claim my prize?
First things first, sign the back of your ticket using an ink pen to identify yourself as the ticket owner. According to the Delaware lottery, once signed, ticket ownership cannot be changed or transferred.
For prizes $599 or less, tickets can be redeemed at Delaware lottery retailers or the Delaware Lottery Office. You can also mail your tickets to the Delaware Lottery Office: 1575 McKee Road, Suite 102, Dover, DE 19904.
Prizes worth $2,500 or less can be claimed at select Delaware Lottery retailer claim centers throughout Kent, Sussex and New Castle counties.
Any prize between $600 and $5,000 can be claimed between 8 a.m. and 4 p.m. Monday to Friday at these redemption centers:
- Delaware Lottery: 1575 McKee Road, Suite 102, Dover
- Division of Revenue: 20653 DuPont Blvd., Suite 2, Georgetown
- Division of Revenue: Carvel State Office Building, 820 N. French St., Wilmington
A prize worth $5,001 or more can be claimed at the Delaware Lottery Office on business days from 8 a.m. to 4 p.m. You must bring a photo ID that includes your name and address, as well as a Social Security card.
All winning Powerball, Mega Millions and Lotto America tickets must be redeemed in the state and jurisdiction where they were sold.
When was the last $2 million Powerball ticket sold in Delaware?
The last the a $2 million-winning Powerball ticket was sold in Delaware was for the Feb. 25, 2023, drawing, according to the Delaware Lottery.
A 36-year-old Newark woman bought the winning ticket at Wawa #861 on Capitol Trail near Newark.
When was the last $1 million Powerball ticket sold in Delaware?
The last $1 million-winning Powerball ticket sold in Delaware was for the Oct. 22 drawing worth $321 million.
The prize was won by a 51-year-old Dover woman, who purchased the ticket at Harrington Raceway and Casino, according to Delaware Lottery officials.
Has there been a Powerball jackpot winner in Delaware?
The most recent Powerball jackpot winner in Delaware was during the Monday, Aug. 6, drawing worth $231 million. No one has claimed the prize as of Tuesday, April 7.
Before that, the last Powerball jackpot winner in Delaware occurred about a decade ago. A lucky winner purchased a ticket at the Selbyville Goose Creek store for the Dec. 17, 2016, drawing worth $121.6 million.
A man was killed on Saturday night after his car was hit by another vehicle and he started to walk along the highway before being hit by a third car, according to the Delaware State Police.
This all unfolded around 11:30 p.m. on Saturday, April 4 as a Ford Winstar and Kia Optima were going northbound on Interstate 495 near 12th Street, police said.
At one point, the front of the Kia crashed into the back of the Ford and the Ford hit a guardrail, officials explained.
The man driving the Ford, identified as Upper Darby resident 45-year-old Mark Barnett, Sr., then started to walk along I-495 when he was hit by a Ram 1500 pickup truck, according to police.
Barnett was taken to a nearby hospital where he was pronounced dead, police said.
The driver of the Ram pickup was identified as a 65-year-old man from Gillett, Pennsylvania, and he was not hurt, police reported.
The driver of the Kia left as officers made it to the scene, officials said.
I-495 was shut down to traffic for about five hours as detectives investigated.
If you have any footage of the incident or have any information that could help investigators, please contact Cpl. D. McKenna at 302-365-8486.
Tips can also be shared through a private Facebook message to Delaware State Police or by contacting Delaware Crime Stoppers at 800-847-3333.
What to expect in 2026 Delaware high school girls lacrosse season
Cape Henlopen has won 15 of the last 16 Delaware girls lacrosse state championships.
Help decide which team was the best in Delaware high school sports during Week 1 of the spring sports season. Vote for the Delaware Online High School Sports Team of the Week.
Nominations for Athlete of the Week and Team of the Week can be sent to high school sports reporter Brandon Holveck at bholveck@delawareonline.com. The nomination period closes Sunday. Please send the name of the team or athlete you would like to nominate and a brief summary of their accomplishments in the past week.
Polls are open to the public with unlimited voting from Monday through Thursday. Winners are announced Friday. Here are this week’s nominees:
Archmere girls lacrosse: The Auks opened the season 3-0 with wins over Shipley (Pa.), Wilmington Friends and Ursuline.
Concord softball: The Raiders defeated Appoquinimink 7-6 and Brandywine 10-6.
Delcastle boys volleyball: The Cougars opened the season 3-0 with wins over Christiana, McKean and Appoquinimink (3-2 on March 27).
Hodgson baseball: The Silver Eagles defeated McKean 13-3 and Middletown 11-9.
Padua girls tennis: The Pandas opened the season 3-0 with wins over Appoquinimink, Ursuline and Wilmington Friends.
Brandon Holveck reports on high school sports for The News Journal. Contact him at bholveck@delawareonline.com.
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