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Musk's brain implant firm Neuralink valued at around $5 billion - Reuters

Investing.com -- Neuralink, the brain implant start-up owned by Elon Musk, is now worth around $5 billion, according to a Reuters report.

Citing five unnamed sources familiar with the matter, Reuters said that the valuation was based on privately executed stock trades. The sources added that the value of these shares was supported by purchases made by private investors ahead of a U.S. regulatory ruling in late May, Reuters noted.

On May 25, Neuralink announced that it was given the green light to conduct a trial with chips placed into human minds. However, the company has not yet received the go-ahead to use the product commercially.

In the wake of the trial's approval, Neuralink shares privately were being offered to investors at a $7 billion valuation, or $55 a share, according to an email seen by Reuters.

Executives at Neuralink and Musk did not respond to request for comment from Reuters.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.