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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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Gemini North Telescope Spots Interstellar Comet 3I/ATLAS Racing Through Solar System

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Gemini North Telescope Spots Interstellar Comet 3I/ATLAS Racing Through Solar System

A rare interstellar object has been spotted in our solar system, making it the second known object to cross over from outside our cosmic neighbourhood and arrive near our planet. 3I/ATLAS is seen here while about 290 million miles (465 million kilometres) from Earth, when it was journeying inbound on its trip to our vicinity of the solar system. This icy wanderer, first detected by the ATLAS survey on July 1, marks just the third known object from beyond our solar system to be identified, following in the cosmic footsteps of 1I/’Oumuamua and 2I/Borisov.

Massive Interstellar Comet 3I/ATLAS Offers Rare Glimpse Into Alien Planetary System Origins

As per a statement from the National Science Foundation’s NOIRLab, which oversees the International Gemini Observatory, 3I/ATLAS offers a valuable chance to study the building blocks of alien planetary systems. “The sensitivity and scheduling agility of the International Gemini Observatory has provided critical early characterisation of this interstellar wanderer,” mentioned NSF program director Martin Still. At an estimated 12 miles (20 km) in diameter, 3I/ATLAS is much larger than its predecessors, making it easier to analyse.

Images show the comet with a bright, compact coma — the envelope of dust and gas surrounding its core — and other data suggest it could be older than our own solar system. Believed to have originated from the Milky Way’s outer thick disk, 3I/ATLAS may hold clues to the conditions in far-off star systems that once harboured it. Though the discovery is thrilling to some, the comet poses no threat to the Earth as it makes its fleeting visit.

Comet 3I/ATLAS is expected to make its closest pass by the Sun on Oct. 30, when it will fly 130 million miles inside the orbit of Mars. It comes closest to Earth in December, when it is 170 million miles away. Because of its odd orbit, it’s never coming back.

Astronomers around the world are turning toward a piece of an interstellar comet that broke off using a telescope too distant to study, by necessity, as a rare chance to probe the nature of an object from another star and its solar system of origin.

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NASA Grounds Boeing Starliner Until 2026 After Test Flight Failures

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NASA Grounds Boeing Starliner Until 2026 After Test Flight Failures

The Boeing CST-100 Starliner, a crew capsule for NASA’s Commercial Crew Program, has been plagued by persistent problems. Its first crewed test flight in June 2024 was cut short by technical failures, including helium pressurization leaks and multiple thruster malfunctions. NASA ultimately elected to return Starliner to Earth without its crew, keeping the astronauts aboard the station for safety. With those problems unresolved, NASA now says the capsule will remain grounded until around 2026, and its next mission will likely be uncrewed.

Technical Setbacks and Grounding

According to NASA, During its June 2024 Crew Flight Test, Starliner suffered serious propulsion issues. Multiple helium leaks were detected in the service module’s pressurization system, and five of the capsule’s 28 fine-control thrusters failed during approach to the ISS. NASA and Boeing extended the crew’s station stay while engineers traced the problems to thermal and seal failures in the thruster “doghouse” enclosures.

Ultimately NASA decided to bring Starliner back to Earth empty, concluding the test without its astronauts aboard. Boeing and NASA have since conducted extensive ground testing to validate fixes: engineers at NASA’s White Sands facility are firing thrusters in varied sequences to refine thermal models, and Boeing has added new insulation shunts and thermal barriers in the thruster housings to prevent overheating.

Future of the Starliner Program

Boeing’s delays have reshaped NASA’s Commercial Crew plans. NASA officials say Starliner may even fly one more uncrewed test before carrying astronauts. Starliner development is now billions over budget: its original $4.2 billion contract has grown by roughly $2 billion in extra costs. Meanwhile, SpaceX’s Crew Dragon has flown 11 ISS crew missions and its NASA contract has climbed toward $5 billion amid extra flights added while Starliner lagged. NASA still views Starliner as a critical backup to Dragon and aims to certify it for crew rotations by late 2025 or early 2026.

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Quantum Leap: Scientists Achieve Magic State Distillation on Logical Qubits for the First Time

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Quantum Leap: Scientists Achieve Magic State Distillation on Logical Qubits for the First Time

Scientists have shown the elusive phenomenon of quantum computing that could create the way for fault-tolerant machines, which are much powerful than any of the supercomputers. Magic state distillation is the process which was proposed 20 years ago; however, the use of logical qubits has puzzled scientists since then. It has long been considered crucial for making high-quality resources, called magic states, required to complete the quantum computer’s potential. It has been possible on plains, till now, by which the high-quality magic states are purified so that the complex algorithms can use them. It has not been possible on the logical qubits.

According to Science Daily, the groups of physical qubits sharing the same data are configured for detecting and correcting the errors which frequently disturb the quantum computing operations. However, the scientists with QuEra said that they have demonstrated magic state distillation for the first time on logical qubits. The findings were published on July 14, 2025, in the journal Nature.

Path to Fault-tolerant Quantum Computing

Quantum computers would not be fulfilling their promise without this process. They use qubits as their building blocks and make use of quantum logic, the set of rules and operations that control how quantum information is processed for running the algorithms and processing data. It is challenging to run the complex algorithms together with maintaining amazingly low error rates.

Physical qubits are noisy, which implies that the calculations are often disrupted by factors such as temperature fluctuations and electromagnetic radiation. This is the reason why so much research has taken place on Quantum Error Correction.

With the distillation process, the faithfulness of the magic state increased for any input. This shows that the fault-tolerant magic state distillation has worked in practice. Further, it implies that the quantum computer uses both logical qubits and magic states of higher quality for running non-Clifford gates.

Scientists say that the shift has been observed for a few years. It was challenging to make the quantum computers, with the detection and correction of errors. However, the scientists have successfully done it.

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