Elon Musk's Neuralink Eyes $8.5 Billion Pre-Money Valuation In Latest Funding Round: Report

Elon Musk's BCI (Brain-Chip Interface) company Neuralink is reportedly eyeing an $8.5 billion pre-money valuation amid talks with potential investors.

What Happened: The company plans to raise over $500 million in the latest funding round, which could translate to a $9 billion post-money valuation for the company, Bloomberg noted in a report on Wednesday.

Sources familiar with the matter say that the company has already begun talks with investors as it looks to set up another funding round, though nothing is set in stone as of yet, the report suggests. Neuralink was previously valued at $3.5 billion in the last funding round.

Neuralink did not immediately respond to Benzinga’s request for comment.

Why It Matters: The report comes in as Elon Musk is touting Neuralink's capabilities. In a post on social media platform X, the billionaire shared how Neuralink will help "completely blind" people see again.

Neuralink's technology has shown signs of success, with Noland Arbaugh, a 30-year-old man suffering from paralysis, demonstrating how he could control electronic devices with his thoughts.

However, Neuralink also has its share of critics. Former White House Strategist Steve Bannon criticized Musk for his Neuralink ambitions. "Musk is attempting to disrupt humanity itself," he'd said.

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