US EditionMusk's Brain-Computer Interface Company Sought 'Disadvantaged' Status
UNITED STATES, JUL 18 – Neuralink filed as a small disadvantaged business to access federal contracts and raised $650 million, valuing the company at $9 billion, aiming to advance brain-computer interface tech.
- On April 24, 2025, Neuralink labeled itself a `small disadvantaged business`, shortly before closing a $650 million funding round at a $9 billion valuation.
- Under the Code of Federal Regulations, an SDB designation requires majority ownership by socially and economically disadvantaged persons, and it can help secure federal procurement opportunities.
- MuskWatch first reported the filing details, contrasting Elon Musk’s status as the world’s wealthiest person and CEO of Tesla and SpaceX with his inapplicability to SDB criteria.
- Despite potential benefits, legal risks emerge, as Neuralink said the funding will deepen the connection between biological and artificial intelligence, while the Department of Justice has fined companies for false SDB claims.
- Neuralink is developing a brain-computer interface to help severely paralyzed patients and SDBs secure $50 billion in annual contracts, MuskWatch reports.
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Report: Elon Musk's Neuralink Labeled Itself a 'Small Disadvantaged Business' Prior to $9 Billion Valuation
Elon Musk's creepy brain chip company Neuralink reportedly filed as a "small disadvantaged business" with the Small Business Administration, shortly before securing a financing round that valued the company at $9 billion.
·United States
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Total News Sources24
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
13%
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