this post was submitted on 29 May 2025
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Musk's Neuralink raises fresh cash at $9 billion valuation, Semafor reports (www.reuters.com)
submitted 1 month ago* (last edited 1 month ago) by AcidicBasicGlitch@lemm.ee to c/technology@lemmy.world
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Elon Musk's brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported on Tuesday, citing people with knowledge of the matter. Neuralink did not immediately respond to a Reuters request for comment.

The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to Reuters. The company had previously raised $280 million in a funding round led by Peter Thiel's Founders Fund.

In April, Bloomberg News reported that the company was planning to raise about $500 million. Neuralink is in the process of testing its implant, which is intended to help people with spinal cord injuries. The device has allowed the first patient to play video games, browse the internet, post on social media and move a cursor on his laptop directly with his brain.

Earlier this month, Neuralink received the U.S. Food and Drug Administration's "breakthrough" tag for its device.

Musk has expressed grand ambitions for the company, saying its chip would allow healthy and disabled people alike to pop into neighborhood facilities for speedy surgical insertions of devices to treat obesity, autism, depression and schizophrenia. He even sees them being used for web-surfing and telepathy.

Certainly is an oddly timed breakup

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[–] teft@lemmy.world 29 points 1 month ago (3 children)

surgical insertions of devices to treat obesity, autism, depression and schizophrenia

We don't understand the underlying mechanisms of these diseases currently so how is nueralink going to treat them? Is neuralink funding research into these diseases or is the nazi muskrat spouting bullshit again?

[–] frustrated_phagocytosis@fedia.io 23 points 1 month ago

Technically it's true. There's no reason to worry about those diseases anymore if you end up in a vegetative state or die from brain implant complications!

[–] crusa187@lemmy.ml 8 points 1 month ago

It will treat them the same way lobotomies did 100 years ago.

[–] lupusblackfur@lemmy.world 7 points 1 month ago* (last edited 1 month ago)

is the nazi muskrat spouting bullshit again?

While it's most assuredly bullshit that he's spouting, any willfully idiotic moron that would accept such a procedure/device from the maker of the Swastikar mobile dumpster and destroyer of SpaceX rockets deserves whatever outcome befalls them.

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