Valued at $9 billion, Musk's brain-machine interface company raises another $650 million in financing.

On June 2nd local time, Elon Musk's brain-machine interface company Neuralink announced the completion of a Series E financing round of $650 million, bringing the company's valuation to $9 billion. This round of financing was led by well-known investment institutions such as ARK Invest, Sequoia Capital, and Thrive Capital. Neuralink stated that the raised funds will be used to accelerate global clinical trials and product development of its brain-machine interface technology.