Some of the staff at Elon Musk's Neuralink are making preparations to sell the brain implant company's stock in the wake of its valuation jumping following...
- Some of the staff at Elon Musk 's Neuralink are making preparations to sell the brain implant company's stock in the wake of its valuation jumping following its first human trial , according to people familiar with the matter.
Neuralink has called its first human trial a success. It said it remedied an initial problem of the implant's threads retracting from its first patient's brain and is preparing for more trials in Britain and Canada. Musk recently said the company plans to implant a second patient soon. The impact of this scarcity is reflected in recent trades. Buyers on private exchanges paid a premium of between 84% and 137% in the last few weeks to the $3.5 billion valuation Neuralink attained in its most recent private fundraising round last November, according to a Reuters analysis of trades recent trades and PitchBook data.
The sources said Neuralink asks its employees not to trade their shares on the secondary market, preferring they sell stock during tender offers that the company can control. Due to restrictions on trading placed by Neuralink, Hiive only facilitates the matchmaking for shares, and the parties have to arrange for payment and the transfer of shares on their own, he said.
Neuralink Secondary Market Employees Human Trial
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