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Musk shifts Neuralink incorporation from Delaware to Nevada as he rails against $55 billion pay ruling

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Musk shifts Neuralink incorporation from Delaware to Nevada as he rails against  billion pay ruling


Elon Musk has shifted the incorporation location of his brain-chip implant company Neuralink out of Delaware, reincorporating it in Nevada, Bloomberg reported.

The company completed the move on Thursday, it said in a notice sent to shareholders, per the report.

Musk quickly made his feelings clear about the decisions in a series of posts on X, formerly Twitter.

“Never incorporate your company in the state of Delaware,” he said in one post.

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“I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters,” he added.

Musk previously moved the incorporation location of X to Nevada from Delaware after he changed its name, Bloomberg reported.

Musk has also signaled his intent to reincorporate Tesla, again moving the company out of Delaware.

Following the ruling to void Musk’s $55 billion payout, the Tesla CEO shared a poll on his X profile, asking if the company should move its incorporation to Texas.

“The public vote is unequivocally in favor of Texas,” he wrote after the results showed those who responded were 87.1% in favor of the move. “Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas.”

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Delaware, home to 1.3 million legal entities, is known as the US’s incorporation capital, with more than 60% of the nation’s Fortune 500 companies incorporated there, according to the state’s official website.

The state is attractive to large businesses thanks to long-standing legal precedents, access to expert corporate lawyers, and the state’s corporate law statute offering “predictability and stability.”

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Neuralink carried out its first human brain implant in January, with the patient said to be recovering well, Musk said.

The company says its initial goal is to find a way of allowing humans to control a computer keyboard or cursor with their thoughts.





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Nevada

RFK Jr. meets signature requirements to appear on Nevada ballot

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RFK Jr. meets signature requirements to appear on Nevada ballot


Robert F. Kennedy’s presidential campaign submitted the required number of valid signatures in order to appear on Nevada’s ballot in November, the secretary of state’s office confirmed Friday.

Kennedy’s campaign in Nevada submitted more than 22,000 valid signatures to county clerks in early July in order to qualify as an independent presidential candidate.

In a notice sent Friday, the secretary of state’s office said that based on the examination conducted by county election officials, the office determined that the total number of signatures exceeds the number of valid signatures necessary to declare the petition for candidacy necessary.

The Kennedy campaign must next submit the names of the six primary and six alternate electors that would certify the election for Kennedy if he were to win.

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Notice of Sufficiency of Petition for Robert F. Kennedy Jr. Independent Candidate for United States Preside… by Jessica Hill on Scribd

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



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Nevada

Planning phase underway for College of Southern Nevada's northwest campus

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Planning phase underway for College of Southern Nevada's northwest campus


LAS VEGAS (KTNV) — The development of the College of Southern Nevada’s Northwest campus has taken another step forward after the state allocated $4.5 million for the planning phase, said CSN’s Vice President of Academic Affairs James McCoy.

He showed me the plans that they’ve come up with so far, which includes photos from similar campuses in other parts of the country.

“The blue would be a 60,000 square foot law enforcement academy coupled with some general education and student support services to support those students and others throughout the northwest,” he told me as he pointed to the tentative plans. “It would include the parking as we talk about the land development. You need that. It will include the central plant to operate the campus and the building.”

They’re still deciding on whether an emergency vehicle operations course will be included in phase one.

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The reason he calls them potential plans is because the project is based on funding by the state legislature.

“Our goal is to be 100% construction documents in hand by the time the legislative session is wrapping up, so June of 2025,” he said.

Then come the inspections and everything else needed before construction can begin.

As for the cost of the actual construction, it’s yet to be determined.

“Still a work in progress,” said McCoy. “We’ll know much more as the state public works prepares for the presentations of all the capital projects for the entire state. That is slated for Aug.28 and 29.”

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By the time it’s all said and done, the first phase has to be shovel ready by June 2026, or else they risk losing the land.





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Shelter in place ordered in Dayton

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Shelter in place ordered in Dayton


RENO, Nev. (KOLO) – The Lyon County Sheriff’s Office is asking people in Dayton to shelter in place as deputies search for an armed suspect.

Specifically those who live in the area of Woodlake/Brookfield/Woodside should use caution.

Deputies are searching the area for a male subject last seen wearing a black shirt and possibly has a large cut on his neck, forehead and wrists. He is reportedly armed with a knife and possibly a danger to himself especially and others.

If you see someone who matches the description, please do not approach or attempt to apprehend the subject, CALL 911.

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