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Elon Musk‘s brain implant startup Neuralink, which was valued at close to $2 billion (roughly Rs. 16,500 crore) in a private fundraising round two years ago, is now worth around $5 billion (roughly Rs. 41,300 crore) based on privately executed stock trades described to Reuters by five sources with knowledge of the matter.

Some purchases by bullish investors boosted the valuation in recent months, ahead of Neuralink’s May 25 announcement that U.S. regulators had approved a human trial on its brain chip, the sources said.

Experts have said it could take several years for Neuralink to secure commercial use clearance. Kip Ludwig, former program director for neural engineering at the U.S. National Institutes of Health (NIH), said he “optimistically” expected Neuralink to take at least 10 more years to commercialize its brain implant. The company also faces other challenges that include federal probes into its handling of animal research.

Following the trial’s approval, however, Neuralink shares were marketed privately to investors in recent days at a $7 billion (roughly Rs. 57,900 crore) valuation, equivalent to $55 (roughly Rs. 4,500) per share, according to an email seen by Reuters. Reuters could not establish whether the seller found buyers for that price. The email cited the U.S. Food and Drug Administration’s (FDA) approval of the clinical trial as grounds for the deal being “sweeter.”

Neuralink executives and Musk did not respond to requests for comment.

Musk has expressed grand ambitions for Neuralink, saying its chip would allow healthy and disabled people alike to pop into neighbourhood 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. A Neuralink executive recently gave more modest short-term objectives, such as helping paralyzed patients communicate through computerized text without typing.

The stock transactions at a valuation of around $5 billion (roughly Rs. 41,300 crore) have been carried out by shareholders such as employees and the company’s early backers, rather than Neuralink selling new shares to investors. Such so-called secondary trades are an imperfect gauge of a company’s value; their volume is thin and they lack the wider market consensus of a fundraising round or initial public offering (IPO).

Neuralink’s valuation jump in secondary trades is in sharp contrast to other startups. About 85percent of pre-IPO companies are currently valued in secondary trades at an average discount of 47 percent to their last funding round, according to data provider Caplight.

In Neuralink’s last known fundraising in 2021, it raised $205 million (roughly Rs. 1,700 crore) at an approximately $2 billion (roughly Rs. 16,500 crore) valuation, according to data provider Pitchbook.

Many of the recent stock sales have been to relatively small investors, who typically focus more on getting a slice of a company owned by Musk than scrutinizing its valuation. The maximum amount sought for the Neuralink shares marketed for sale at a $7 billion (roughly Rs. 57,900 crore) valuation was just $500,000, according to the email seen by Reuters.

Sim Desai, chief executive of Hiive, an online platform where the shares are traded, said demand for Neuralink stock has been “tremendous.” He pegged the valuation that buyers are willing to pay at around $4.5 billion (roughly Rs. 37,200 crore).

Some biomedical experts are skeptical. Arun Sridhar, a scientist and entrepreneur who specializes in neuromodulation, called Neuralink’s valuation “bonkers” based on how early the brain implant is in its clinical development.

“A study to assess safety and tolerability is in no shape or form valid to justify a $5 billion (roughly Rs. 41,300 crore) valuation,” said Sridhar, who helped launch Galvani Bioelectronics, a developer of implants backed by GSK Plc and Alphabet Inc’s Verily Life Sciences. Galvani is not a competitor of Neuralink because its implants under development will be installed in an artery to the spleen to help treat rheumatoid arthritis, rather than the brain.

Investigations

The FDA initially rejected Neuralink’s request for a human trial last year, citing safety reasons, Reuters has reported. Even after securing approval, the company faces several challenges.

Neuralink has come under scrutiny from U.S. lawmakers after Reuters reported in May that its animal-research board may have violated conflict-of-interest regulations. Neuralink employees who sat on that board, which oversees the welfare of the animals that were being tested, also stood to benefit from the implant’s quick development. Neuralink stock that some of the employees hold has jumped around 150 percent in value in just two years, based on the secondary trades.

The law enforcement arm of the U.S. Department of Agriculture has been investigating Neuralink for potential animal-welfare violations. Neuralink staff told Reuters last year that the company was rushing and botching surgeries on monkeys, pigs and sheep, resulting in far more animal deaths than necessary, as Musk pressured staff to receive FDA approval.

The Department of Transportation is separately probing whether Neuralink illegally transported dangerous pathogens on chips removed from monkey brains without proper containment measures.

Neither Musk nor Neuralink have responded to multiple requests for comment on the probes or the Reuters reports.

© Thomson Reuters 2023
 


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NASA’s SPHEREx Mission Sends First Space Images Before Full Sky Survey

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NASA’s SPHEREx Mission Sends First Space Images Before Full Sky Survey

NASA’s SPHEREx mission has sent back its first images from space. This marks an important step before it begins the full survey of the sky. The space telescope, which was launched on March 11, 2025, is designed to scan millions of galaxies and collect data in infrared light. On March 27, its detectors captured uncalibrated images that show thousands of light sources, including distant stars and galaxies. The images, processed with added colours for infrared wavelengths, confirm that SPHEREx is operating as expected. Once fully operational, the telescope will take 600 exposures daily and map the entire sky four times during its two-year mission.

Recorded Images Reveals Interesting Details

According to NASA’s SPHEREx mission, the observatory’s six detectors recorded images of the same area of the sky, providing a wide field of view. The top three images represent one portion of the sky, while the bottom three cover the same section. As per the report, the SPHEREx catpured each image with around 100,000 light sources. As per multiple reports, scientists can now learn more about what celestial objects and its distance from Earth with the help of infrared wavelengths. The data from SPHEREx will also help researchers to explore the origins of water in the Milky Way. Moreover, it might also help the scientists to find more clues about the universe’s earliest moments.

Olivier Doré, SPHEREx project scientist at NASA’s Jet Propulsion Laboratory (JPL) and Caltech, told NASA that the telescope is functioning as intended. The infrared light detected by SPHEREx is invisible to human eyes, but colour mapping enables researchers to visualise and analyse it. The observatory’s unique design includes 17 infrared wavelength bands for each detector, creating a total of 102 hues in every six-image capture.

How the Telescope Works

Unlike Hubble or the James Webb Space Telescope, which focuses on specific areas of space, SPHEREx is built for large-scale surveys. It uses spectroscopy to break down light and identify chemical compositions and distances of celestial bodies. Light entering the telescope is divided into two paths, each leading to three detectors. Specialised filters process the incoming wavelengths, allowing for detailed observations of millions of cosmic sources.

Beth Fabinsky, deputy project manager at JPL, said in NASA’s official statement that the successful image capture represents a major milestone. The telescope has also reached its target operating temperature of minus 350 degrees Fahrenheit, crucial for detecting faint infrared signals. Since focusing cannot be adjusted after launch, mission engineers verified the accuracy of the telescope’s optics before sending it into space.

Jamie Bock, principal investigator at JPL and Caltech, confirmed in NASA’s report that the telescope is performing as expected. Engineers will continue testing before the observatory begins routine operations in late April.

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Iceland’s Grindavík town evacuated as volcanic fissure erupts with lava!

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Iceland’s Grindavík town evacuated as volcanic fissure erupts with lava!

A volcanic fissure has emerged near Grindavík on Iceland’s Reykjanes Peninsula after a series of strong earthquakes. Lava has breached the town’s defence barriers. The Icelandic Meteorological Office (IMO) has warned that the fissure may continue to expand. The eruption began along the Sundhnúkur crater row early in the morning. By 9:45 a.m. local time, a fissure stretching nearly 1,200 metres had opened north of Grindavík. The crack is moving southward. Officials have raised the hazard level to the highest risk category.

Evacuations and Road Closures

According to the IMO, a second fissure has appeared inside Grindavík’s protective barriers. Authorities have evacuated the town along with the Blue Lagoon spa. Roads in and out of the area have been shut. Some residents have refused to leave. Local media outlet Visir has reported that emergency services remain on high alert.

Impact of Volcanic Gas

Weather forecasts indicate that volcanic gas will be carried northeastward towards Reykjavík. The capital is located about 40 kilometres away. The IMO has stated that by tomorrow morning, changing wind patterns may direct the gas southwest and eastward. Residents have been told to remain indoors as much as possible while closely monitoring air quality updates. Reykjanes Peninsula has experienced about 11 eruptions since 2021. Eight have occurred along the Sundhnúkur crater row since last year. Scientists continue to monitor the situation closely. Authorities have urged people to avoid the affected region.

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JWST Captures Unseen Details of Exoplanets in HR 8799 and 51 Eridani Systems

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JWST Captures Unseen Details of Exoplanets in HR 8799 and 51 Eridani Systems

Astronomers have released new images of planets within the HR 8799 and 51 Eridani star systems. The James Webb Space Telescope (JWST) was used in a way that was different from standard procedures to achieve these results. Capturing direct images of exoplanets is challenging due to the brightness of host stars, which often obscures planetary details. To allow more light through, researchers adjusted JWST’s coronagraphs. This helps in enhancing the visibility of these distant worlds. This adjustment provided clearer insights into planetary atmospheres and their compositions.

Unconventional Use of JWST’s Coronagraphs

According to a study published in The Astrophysical Journal Letters, lead author William Balmer, a Ph.D. candidate at Johns Hopkins University, explained to Space.com that a thinner part of the coronagraph mask was used. This allowed more starlight to diffract, reducing the risk of completely obscuring planets. Coronagraphs typically block starlight to reveal faint celestial bodies, but this modification provided a balance between removing excessive glare and preserving planetary details.

Key Discoveries and Observations

The JWST’s mid-infrared imaging captured HR 8799 at 4.6 microns. It is a wavelength that is mainly blocked by Earth’s atmosphere. Balmer stated that previous ground-based attempts had failed, demonstrating JWST’s stability in detecting exoplanets. Observations at 4.3 microns were also conducted. This revealed the presence of carbon dioxide. It is a very important step in determining the planetary formation processes. The detected carbon dioxide levels suggested that these planets likely formed through core accretion, gathering heavy elements over time.

Future Research and Expanding Studies

There are many research planned to study the four additional planetary systems. Balmer’s team has been allocated more JWST observation time to confirm whether similar gas giants formed through core accretion. This could offer more insights into the stability of planetary systems and potential habitability of smaller, unseen planets.

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