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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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James Webb Telescope Detects Potential Gas Giant Exoplanet Just 4 Light-Years Away

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James Webb Telescope Detects Potential Gas Giant Exoplanet Just 4 Light-Years Away

New observational evidence from the James Webb Space Telescope (JWST), which has yet to launch, may change that. JWST astronomers have found tantalising hints of an orbiting gas giant around Alpha Centauri A, the closest Sun-like star to us. Located just four light-years away in the Alpha Centauri triple-star system, the potential planet sits within the star’s habitable zone — the region where liquid water could exist — but its gas giant nature makes it inhospitable to life. Even so, its location and distinctiveness make the detection among the most captivating detections in exoplanetary exploration prior.

JWST Unveils Possible Closest Sun-Like Star Exoplanet, Awaiting Confirmation

According to a NASA report, this was done with the JWST Mid-Infrared Instrument (MIRI) using a coronagraphic mask to block out stellar glare. This method caught sight of an object which is almost 10,000 times fainter than Alpha Centauri A and at a separation of around two astronomical units. If upheld, it would be the nearest exoplanet to a similar being ever pictured and, moreover, the first healthy globe discovered in direct significance.

Researchers noted that while Alpha Centauri already hosts two confirmed planets around the red dwarf Proxima Centauri, no planet has yet been confirmed around Alpha Centauri A. Follow-up JWST observations did not capture the planet again, possibly because it was too close to the star during the imaging. Computer simulations support this possibility.

The team wants to look for more evidence using both JWST and the yet-to-be-launched Nancy Grace Roman Space Telescope, due in May 2027. Confirmation would represent a watershed moment in planetary system science, where astronomers are looking into embryonic solar systems around other stars.

Researchers said the potential planet’s existence in such a dynamic binary star system could challenge current models of planetary formation and survival. Two papers detailing the findings have been accepted for publication in The Astrophysical Journal Letters.

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Earliest Known Black Hole Found Just 500 Million Years After the Big Bang

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Earliest Known Black Hole Found Just 500 Million Years After the Big Bang

Astronomers have discovered the most distant black hole yet, an ancient quasar more than 13 billion light years from our own Earth, incredibly close to the limit of where scientists even expect supermassive black holes to form. The cosmic behemoth of a galaxy, known as CAPERS-LRD-z9, provides a wide-window echo back in time to one of the furthest peeks into our early universe yet, only shortly after the Big Bang, when our cosmos was a fraction (3%) of its current age. Now, researchers led by those in The University of Texas at Austin’s Cosmic Frontier team have found what are likely very powerful gas outflows and also evidence that some of the very first black holes were born much, much heavier than previously believed.

Early Black Hole Found in ‘Little Red Dot’ Galaxy Challenges Growth Models

According to a study published in The Astrophysical Journal this week, researchers led by those at The University of Texas at Austin’s Cosmic Frontier team are announcing they have made the most sensitive measurements to date less than a billion years after the Big Bang, and these neonatal black holes were producing gas outflows fast enough — and over a long enough period — to halt stars forming in surrounding galaxies.

More recently discovered, the Little Red Dots galaxy appears to be just the sort of ominous-sounding crimson that would shoot a vibrant deep red due to intense radiation taking place among giant black holes and gas clouds.

A little galaxy of mass in all that more than enough of less, those hundreds of millions of suns among which all those stars are caught. This, in turn, birthed the supermassive galactic monsters — either quickly overcooked giants or premature sizes.

JWST high-z key science theme & imaging science exposure for mapping the process of supermassive black hole formation, growth, and evolution at high spatial detail.

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Greenland’s Melting Glaciers Feed Ocean Life, Study Finds

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Greenland's Melting Glaciers Feed Ocean Life, Study Finds

The process of Greenland’s ice sheet melting is not only raising sea levels, it is also feeding life in the ocean. As the most productive for marine life, phytoplankton harvesting energy from this nutrient-filled climate change is altering how this biological pump works in these warming ares. In a new study, scientists employed cutting-edge computer models to simulate the intricate movements of ice melt and seawater with ocean currents and marine biology behaviour finnesing adding more detail to an understanding of these unseen forces between Earth’s shifting polar zones.

Glacial Melt Fuels a Surge in Ocean Life

According to precious study, each summer Jakobshavn Glacier releases more than 300,000 gallons of freshwater per second into the sea. This less-dense meltwater shoots upward through heavier, salty seawater, dragging deep-sea nutrients—like iron and nitrate—toward the sunlit surface. These nutrients are essential for phytoplankton, which are the foundation of the ocean food chain.

In recent decades, NASA satellite data recorded a 57% surge in Arctic phytoplankton, and scientists now have a clearer picture of why. The nutrient boost is especially crucial in late summer, when spring blooms have already depleted surface waters. Without direct access to such remote regions, researchers had long struggled to test the nutrient-plume hypothesis—until now.

NASA’s Digital Ocean Brings Clarity Beneath the Ice

To simulate the chaotic waters of Greenland’s fjords, researchers used the ECCO-Darwin model, developed by NASA’s Jet Propulsion Laboratory and MIT. Fueled by billions of ocean measurements—temperature, salinity, pressure—this model replicates how biology, chemistry, and physics interact. Using NASA’s supercomputers at Ames Research Center, the team calculated a 15–40% increase in phytoplankton growth from glacial nutrients.

Yet more change looms: as melting accelerates, seawater may lose its ability to absorb CO₂ even as plankton pull more of it in. “Like a Swiss Army knife,” said researcher Michael Wood, “this model helps us explore ecosystems far beyond Greenland.”

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