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Musk moves Neuralink to Nevada after Delaware judge strikes down $55 billion pay package

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Musk moves Neuralink to Nevada after Delaware judge strikes down $55 billion pay package


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Elon Musk’s company Neuralink has moved its incorporation from the First State to Nevada as he grapples with a recent Delaware judge’s decision that voided his extraordinary pay package from Tesla.

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Musk, who tweeted out, “Never incorporate your company in the state of Delaware,” is taking his own advice by attempting to move his company incorporations over to states like Texas and Nevada.

Neuralink, Musk’s company intended to design brain-implanted computer chips, moved its incorporation to Nevada on Thursday, according to both Nevada and Delaware state records. Last month, Musk announced that the first human patient received a Neuralink implant.

Last week, Musk took to his social media platform X angrily after Delaware judge Kathaleen St. Jude McCormick struck down a $55 billion Tesla pay package. “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters,” said Musk on X, formerly known as Twitter.

The Delaware Chancery Court ruled the package was not fair and must be voided.

This is not Musk’s first company incorporated in Nevada, however. X, which was incorporated in Delaware when it was Twitter, and xAI, an artificial intelligence company, are also incorporated in the state.

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Delaware is known nationally due to corporation-favoring laws, where many major companies are incorporated, such as Alphabet, Amazon and more.

ELON MUSK IN DELAWARE: Have the courts really been so unfair to him? Here’s his record

MORE: Tesla CEO’s nearly $56 billion compensation package was unfair, Delaware court rules



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Nevada

New champions could be coming as spring state week begins

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New champions could be coming as spring state week begins


The high school sports season is almost over.

All eight spring sports will crown state champions this week. Most of those title races remain wide open heading down the home stretch.

Here’s a breakdown of the state championship events:

Baseball

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A new 5A champion will be crowned after the last two — Bishop Gorman and Basic — missed the playoffs. The 5A state tournament begins Thursday at Bishop Gorman.

Palo Verde and Coronado, who both finished second in their respective leagues, advanced to the state tournament. Palo Verde defeated Coronado on Friday for the Southern Region title to earn the South’s No. 1 seed. Coronado will be the South’s No. 2 seed.

Both teams are looking for their second baseball state titles. Palo Verde won the 4A title in 2018 and Coronado won it in 2013.

In 4A, Durango and Silverado face off in a winners’ bracket game Thursday at Faith Lutheran for a spot in Saturday’s title game.

Boys golf

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Shadow Ridge, Coronado and Bishop Gorman are the three Southern teams that qualified for the 5A state tournament on Wednesday and Thursday in Pahrump.

Shadow Ridge won the Southern Region title by nine strokes with a team score of 6-over 574. Bishop Gorman won the 5A state title last year.

Doral Academy won the 4A state title Tuesday.

Boys volleyball

Boys volleyball begins the week of state-title action Tuesday. Sunrise Mountain will host the 5A (7 p.m.), 4A (5 p.m.) and 3A (3 p.m.) state-title matches.

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Coronado and Palo Verde will play for the 5A state title. The teams split their two regular-season meetings, each winning in four sets.

Coronado won the Mountain League title on a tiebreaker and knocked out two-time defending champion Shadow Ridge in the semifinals Thursday. Palo Verde swept Desert League champion Green Valley in the other semifinal.

Bishop Gorman and Basic will meet for the 4A title. Two-time reigning champion Boulder City faces Virgin Valley for the 3A title.

Softball

Palo Verde and Coronado emerged out of the challenging Mountain League to advance to the state tournament, which begins Thursday at Bishop Gorman.

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The Panthers won the Southern Region title Friday and will be the South’s No. 1 seed. Coronado will be the South’s No. 2 seed.

Palo Verde, which qualified for last year’s state tournament, is seeking its fourth softball state title. Coronado is looking for its first. Both teams will have to get through Northern champ and reigning state champion Douglas, which is 30-4 and has won 16 straight games.

The 4A state tournament continues Thursday at Faith Lutheran. Desert Oasis and Sierra Vista play in a winners’ bracket game Thursday for a spot in Saturday’s title game.

Swimming and diving

The state’s top swimmers and divers will meet in Las Vegas for the 5A, 4A and 3A state tournaments.

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Divers will compete Friday at UNLV’s Buchanan Natatorium. 4A swimmers will race Thursday at Pavilion Center Pool, while 5A and 3A swimmers will compete Saturday.

The Palo Verde boys and Coronado girls are the reigning 5A champions entering the state meet.

Palo Verde, which has won the last nine boys titles, remains the favorite this year after winning the Southern Region title last week by 127 points over Bishop Gorman.

Coronado will have a tougher time defending the girls title. Palo Verde won the girls region title, edging Coronado 433.5-432.

The 4A state meet begins Thursday. The Sierra Vista boys and Tech girls won the 4A Desert Region titles, while the Basic boys and Doral Academy girls won the 4A Mountain Region titles. The Liberty boys and Faith Lutheran girls won the 4A state titles last year, but both moved up to 5A.

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Track and field

The Centennial girls’ run of dominance in track and field came to an end last year when Liberty won the 5A girls title. That snapped the Bulldogs’ run of 10 championships in a row.

Centennial is back to being favorites this year. The Bulldogs ran away with the 5A girls Southern Region title Saturday, finishing 46 points head of Liberty. Shadow Ridge won the boys region title by 26 points over Liberty.

The state meet will take place Friday and Saturday in Carson City.

Desert Oasis will host the 4A state meet beginning Friday. The Mojave boys and Arbor View girls won the 4A Mountain Region titles. The Desert Oasis boys and girls won the Desert Region titles. The Shadow Ridge boys and Palo Verde girls are the reigning champions, but both moved up to 5A after offseason realignment.

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Contact Alex Wright at awright@reviewjournal.com. Follow @AlexWright1028 on X.

State championship schedule

Baseball

5A: Thursday-Saturday at Bishop Gorman and Faith Lutheran

4A: Thursday-Saturday at Bishop Gorman and Faith Lutheran

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3A: Thursday-Saturday at Churchill County High School

2A: Thursday-Saturday at Durango High School

1A: Thursday-Saturday at Fernley High School

Boys golf

5A: Wednesday, Thursday at Mountain Falls Golf Club, Pahrump

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3A: Tuesday, Wednesday at Mountain Falls Golf Club, Pahrump

2A: Tuesday, Wednesday at Ruby View Golf Course, Elko

Boys volleyball

At Sunrise Mountain

5A: 7 p.m. Tuesday

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4A: 5 p.m. Tuesday

3A: 3 p.m. Tuesday

Softball

5A: Thursday-Saturday at Bishop Gorman and Faith Lutheran

4A: Thursday-Saturday at Bishop Gorman and Faith Lutheran

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3A: Thursday-Saturday at Churchill County High School

2A: Thursday-Saturday at Durango High School

1A: Thursday-Saturday at Fernley High School

Swimming and diving

5A and 3A: Friday (Diving) at UNLV’s Buchanan Natatorium and Saturday (Swimming) at Pavilion Center Pool

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4A: Thursday (Swimming) at Pavilion Center Pool and Friday (Diving) at UNLV’s Buchanan Natatorium

Track and field

Class 5A, 3A, 2A and 1A: Friday and Saturday at Carson City High School

Class 4A: Friday and Saturday at Desert Oasis High School

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Nevada

Yucca Mountain: Where GOP Senate candidates stand

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Yucca Mountain: Where GOP Senate candidates stand


Plans to turn Yucca Mountain into the country’s nuclear waste bin are at a standstill, but discussions of restarting the proposal have drawn concerns — and different opinions — from Nevada’s elected officials and those seeking Sen. Jacky Rosen’s seat in Congress.

For years, the controversial proposal to turn Yucca Mountain into a federal nuclear waste repository was met with strong opposition from Nevada politicians on both sides of the aisle.

Efforts to move forward on the proposal have come up over the years since the Department of Energy recommended it as a national nuclear waste repository in 2002, but each time they came to a screeching halt — largely due to the resounding bipartisan opposition from Nevada’s federal officials, and the political influence of the battleground state.

The late Democratic Sen. Harry Reid was a staunch opponent and used his leadership position to block the project. Republican leaders like Rep. Mark Amodei, former Gov. Brian Sandoval, former Attorney General Adam Laxalt and former Sen. Dean Heller also opposed the plan to ship states’ nuclear waste to Yucca Mountain, located 90 miles northwest of Las Vegas.

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Nevada’s federal politicians have worked to shut down the project once and for all, introducing bills that would explore repurposing Yucca Mountain for alternative uses or would give Nevadans informed consent for the project. But those bills haven’t become law.

Concerns rose again about renewed efforts to store nuclear waste in Nevada during a House Energy and Commerce Committee subcommittee meeting in April when its chair indicated support for restarting Yucca.

Subcommittee Chair Jeff Duncan, R-S.C., said the “political objections of one state not based on scientific reality” blocked the repository from being licensed.

“I’ve been to Yucca Mountain, I’ve stood on top of that mountain and I thought, if we can’t put the nuclear waste of the nation here, we’re not going to be able to put it anywhere,” Duncan said in the meeting.

Project 2025, a collection of policy proposals to reshape the government after a Republican victory in the 2024 presidential election, also includes plans to have the Nuclear Regulatory Commission review the Department of Energy’s permit application for Yucca Mountain, which it says remains a viable option for waste management. The project is organized by the Heritage Foundation and run by former Trump administration officials, although former President Donald Trump has also opposed turning Yucca Mountain into a nuclear waste repository.

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Further concerns cropped up in April when the Los Angeles Times published audio from 2022 of Nevada GOP U.S. Senate candidate Sam Brown indicating he did not oppose opening the facility and calling the failure to do so an “incredible loss of revenue for our state.”

Rosen has been firmly opposed to the project, and during a hearing on April 18, highlighted Nevada’s history with nuclear weapons development that exposed Nevadans to toxic levels of radiation.

“I firmly oppose any policies that would put Nevadans at risk again,” Rosen said.

With the June 11 primary just a month away, the Review-Journal asked all of the Republican Senate candidates where they stand on the project.

Sam Brown

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Frontrunner Brown said in a statement that he has not committed to supporting the opening of Yucca Mountain. He stressed, however, that he would consider all thoroughly vetted future proposals, with the safety of Nevadans as his top priority and ensuring the proposals are economically beneficial.

“Leadership means considering all economic opportunities that could better support the lives of Nevadans,” Brown said in a statement.

Jeff Gunter

Gunter, former ambassador to Iceland under the Trump administration, said he is “resolutely opposed” to the project.

“It’s an absolute overreach by the federal government to impose such a hazardous burden on the great state of Nevada without the consent of its people,” Gunter said in a statement.

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“This is America, and we don’t dump our problems in someone else’s backyard without their agreement,” he said. “As your senator, I will staunchly resist any efforts to revive this project, protecting Nevada and ensuring our government listens to the people, not just bureaucrats and lobbyists.”

Jim Marchant

Marchant, a former assemblyman, said he is against the project in its current form, but he is for using Yucca Mountain to solve problems throughout the country.

He said spent fuel is currently residing in around 121 sites across the country above ground, and taxpayers are paying $2 million a day for that storage.

Marchant proposes reopening the licensing process of Yucca Mountain to be used for recycling the nuclear waste material and used in “walkaway safe” small modular nuclear reactors to produce nuclear energy.

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“The state government is going to make so much money processing this material and using it to power our country,” he said. His goal is for Nevadans to not have to pay very much for energy.

Tony Grady

Retired Air Force Lt. Col. Tony Grady said he will not support the Yucca Mountain project.

“Nevadans have expressed they do not want Yucca Mountain and I will protect them from being our country’s nuclear wasteland,” he said in a statement.

Garn Mabey Jr.

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Mabey, also a former assemblyman, said he strongly opposes reopening Yucca Mountain because it is located above an aquifer and transporting waste through the state would place Nevadans at risk if an accident or a malicious act were to occur.

“Any potential financial incentives being dangled to entice us to support reopening never will justify reopening Yucca Mountain for the storage of high-level nuclear waste,” he said in a statement. “The risks are too high! If elected, I will use my power in the U.S. Senate to prevent it from being reopened.”

Stephanie Phillips

Phillips, a Las Vegas real estate broker, said with any decision she makes, she asks a lot of questions, gathers the facts and does her homework.

“The last time they tried to get Yucca through, the majority of Nevadans didn’t want nuclear waste in their ‘backyard’,” she said. “I realize the potential revenue for Nevada would be great for us; however, there are pros and cons. I would take it to the Nevada voters for comment and opinions. Elected officials are supposed to be representing the will of The People and my decisions will reflect just that.”

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Bill Conrad

Conrad, a retired U.S. Army lieutenant colonel, said he agrees with Dr. Scott Tyler from an interview conducted six years ago. He said there is a risk of groundwater contamination, geological concerns and an issue with transporting the material safely. He also said Yucca Mountain is located on land significant to Native American tribes, particularly the Western Shoshone.

Conrad said at this time, “when looking at the science and the effects on Las Vegas and our state, I do not support using Yucca Mountain as a centralized nuclear depository.”

Barry Lindemann

Lindemann, an asset manager, said he believes Yucca Mountain can be repurposed.

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“If the people of Nevada refuse Yucca Mountain as a repository for nuclear waste, then we need to utilize the space for power production,” he said in a statement.

Lindemann said developments in nuclear waste are showing signs of the ability to burn spent fuel rods while producing electricity.

Eddie Hamilton

Longtime political candidate Hamilton said he is in favor of converting Yucca Mountain into a new technology “reprocessing” nuclear power plant and facility. He is against using it as a strictly passive dumping landfill for nuclear waste materials.

Tony Grady, Vincent Rego and Ronda Kennedy did not return requests for comment.

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Contact Jessica Hill at jehill@reviewjournal.com. Follow @jess_hillyeah on X.



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Nevada Copper (TSE:NCU) Trading Down 4.3%

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Nevada Copper (TSE:NCU) Trading Down 4.3%



Nevada Copper Corp. (TSE:NCU – Get Free Report)’s share price was down 4.3% during mid-day trading on Friday . The company traded as low as C$0.11 and last traded at C$0.11. Approximately 122,148 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 327,626 shares. The stock had previously closed at C$0.12.

Nevada Copper Price Performance

The stock has a market cap of C$157.30 million, a P/E ratio of -1.38 and a beta of 2.76. The company has a quick ratio of 0.01, a current ratio of 0.17 and a debt-to-equity ratio of 95.26. The business’s 50-day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.11.

Nevada Copper (TSE:NCU – Get Free Report) last released its quarterly earnings data on Tuesday, April 2nd. The mining company reported C($0.01) EPS for the quarter. The company had revenue of C$6.22 million for the quarter. Sell-side analysts expect that Nevada Copper Corp. will post 0.0235849 EPS for the current year.

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Nevada Copper Company Profile

(Get Free Report)

Nevada Copper Corp. engages in the exploration, development, and operation of mineral properties in Nevada. The company explores for copper, gold, silver and iron magnetite ores. It holds 100% interests in the Pumpkin Hollow Copper property that consist of approximately 28.8 square-mile land patented claims located in Yerington, Nevada.

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