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Elon Musk‘s brain implant company Neuralink is planning to raise about $500 million at a pre-money valuation of $8.5 billion, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
The company has started preliminary discussions with potential investors, but terms of the funding round are not yet finalized, according to the report.
Neuralink did not immediately respond to a Reuters request for comment.
The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to…
