Neuralink Can Achieve IDR 143 Trillion Valuation In Next Income Round

The value of Neuralink's company is increasing (photo: X @neuralink)

JAKARTA Neuralink will reportedly raise US$500 million or around Rp8.4 trillion. Before the money was collected, the company's value had reached US$8.5 billion (Rp143 trillion).

This information regarding the Neuralink valuation was disclosed by Bloomberg on April 23. If the information shared internally by the company is correct, Neuralink will succeed in increasing the value of its company before officially starting business.

In 2023, Elon Musk's brain implant company is estimated to have been worth USD 5 billion (IDR 84.2 trillion). This valuation was achieved after Neuralink raised USD 280 million (IDR 4.7 trillion) in a funding round led by the Founders Fund.

In an effort to raise funds of IDR 8.4 trillion, Neuralink has held initial discussions with several potential investors. It is not yet known how many parties are interested in investing and the provision for the funding round has not been finalized.

As a chip developer implanted into the brain, Neuralink requires a lot of funding to test its implants. The current focus is to help people with injuries to the spine with the impact of paralysis.

So far, testing has shown positive results. Neuralink is claimed to have succeeded in making paralyzed patients good at playing video games, exploring the internet, and making posts on social media.

All of this can be done because the chip in his brain is connected to a computer. Although the testing is claimed to run smoothly, this company is still under monitoring. In February, the US Supervisory and Drug Administration (FDA) asked a number of questions to the scientists fired about the Neuralink device.