Elon Musk’s Brain Implant Company Neuralink plans to raise approximately $500 million with a pre-money valuation of $8.5 billion. Bloomberg News reported Wednesday, cite people with knowledge of the matter.
The company has launched a preliminary discussion with potential investors about the funding round, according to the report.
The terms of the funding round have not been finalized yet.
Neuralink did not immediately respond to Reuters’ request for comment.
The company is in the process of testing devices aimed at helping people with spinal cord injuries.
The device allowed the first patient to play video games, browse the internet, post to social media, and move the laptop cursor directly in his brain.
