Neuralink is a neural interface technology company that aims to fuse the human brain with computational power. The company’s path to market readiness is long due to the vast levels of research and development needed to create a consumer product of this nature, but Neuralink has been making steady progress.
Unfortunately, Neuralink is not available for public investment as it has never launched an initial public offering. Instead, Neuralink operates as a fully private company that is venture backed by several prominent people.
Here is everything that prospective investors need to know about a possible Neuralink IPO date and how to gain indirect exposure to the company before it happens.
About Neuralink
Neuralink was founded by Elon Musk in 2016. The company aims to research the viability of neural interface technology, which would allow the human brain to interact with computers without any physical latency. The company is a ground-breaking attempt to fuse brain power with computational power more directly, and its early testing phases have seen promising results.
In essence, Neuralink is a computer chip and neural net that can be placed directly into a person’s skull. Musk has stated that he believes the solution can help to restore sight for the blind and motor function for the disabled as it can reconnect faulty neural pathways using electrical impulses.
Graph showing Neuralink being implanted into the skull behind the ear, via Neuralink
Neuralink is also developing a robotic device that can implant Neuralink into the skull. Musk stated that the robot will be able to perform the operation just as easily as laser eye surgery is performed, which has a patient satisfaction rate of 96%. In May 2023, Neuralink received approval from US regulators to begin testing its products on humans.
In August 2023, Neuralink raised $280 million in a funding campaign led by Peter Thiel’s Founders Fund. Thiel and Musk co-founded PayPal together in December 1998, and Thiel’s Founders Fund also contributed to a $205 million fundraiser for Neuralink in June 2022. The 2022 investment round contained other notable figures, including OpenAI founder Sam Altman and Google Ventures.
In total, it is estimated that Neuralink has attracted $643 million worth of private investment. The company has no significant revenue sources at this moment in time as its products are yet to be made available on the open market. However, Neuralink uses robotics systems that are already being used in Tesla’s electric vehicles and the company’s products are set to continue developing over the coming years in preparation for a public launch.
How to invest in Neuralink?
Neuralink is not a publicly traded company, so it can’t be found on any stock exchange at this moment in time. This means that there is no Neuralink ticker symbol or Neuralink stock price, as there has never been a Neuralink IPO date set.
Will there be a Neuralink IPO?
Neuralink may decide to launch an initial public offering in the future, however it’s widely believed that this is unlikely to occur anytime soon. Two major reasons for this is that Musk doesn’t need to raise funds publicly as he ranks as the richest person in the world according to Bloomberg, and also because Neuralink products remain in their testing phases.
How to invest in Neuralink FAQs
Is Neuralink public?
Neuralink Corp. is not a public company. Elon Musk is the majority shareholder and the company has never set a Neuralink IPO date. Instead, the company regularly raises private investment from various funds and individuals. Notable private investors in Neuralink are Peter Thiel’s Founders Fund, OpenAI’s Sam Altman, and Google Ventures.
When will Neuralink go public?
Neuralink has yet to unveil plans for an initial public offering. Since there has been no official Neuralink IPO date set, investors are limited in the total number of ways that they can gain exposure.
One popular method for gaining indirect exposure to Neuralink in the absence of an IPO is to purchase shares in a company that has Neuralink on its balance sheet. Alphabet Inc. (NASDAQ:GOOGL) indirectly owns shares in Neuralink due to Google Ventures’ recent investments. If Neuralink never decides to go public, investing in GOOGL could be the next best way to gain exposure.
What is the new valuation of Neuralink?
Neuralink is currently valued at $5 billion, according to a recent report from The Economic Times. This follows two recent private investment rounds worth $205 million and $280 million respectively, with Musk also contributing personal capital earned from his other ventures at SpaceX, Starlink, and Tesla (NASDAQ:TSLA).
The bottom line: Neuralink is not a publicly traded company but there are some ways to gain indirect investment exposure
Since there has never been a Neuralink IPO, investors are limited in the number of ways that they can gain exposure to the company. However, two prominent companies that can be found on the stock exchange have Neuralink exposure — Alphabet Inc. (NASDAQ:GOOGL) and Tesla (NASDAQ:TSLA).
Tesla may not directly own shares in Neuralink, as the two companies are separate ventures created by the same founder. Google, however, does have direct exposure to Neuralink through its subsidiary investment fund, Google Ventures. As a result, buying GOOGL shares may be the best way to gain indirect exposure to Neuralink for the general public.
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Source: https://coincodex.com/article/33521/neuralink-stock/