Latest Posts

Sorry, no posts matched your criteria.

Stay in Touch With Us

Odio dignissim qui blandit praesent luptatum zzril delenit augue duis dolore.

Email
magazine@example.com

Phone
+32 458 623 874

Addresse
302 2nd St
Brooklyn, NY 11215, USA
40.674386 – 73.984783

Follow us on social

Daily Invest Pro

  /  World News   /  Elon Musk’s Neuralink expands offices in Austin area

Elon Musk’s Neuralink expands offices in Austin area

DEL VALLE, Texas (KXAN) — Elon Musk’s footprint in Central Texas continues to grow. His brain-computer interface company, Neuralink, will expand in the area with more space and job openings.

This comes after Musk already moved several of his headquarters to the region. According to a filing with the Texas Department of Licensing and Regulation, construction on the $14.7 billion building started this July.

Filings showed it will be a 112,000 square foot facility on 37 acres of land in the east Austin suburb of Del Valle. It will include a three-story building with offices, a machine shop and manufacturing space.

Neuralink posted multiple job openings on its website in the Austin-area for positions like engineers, software specialists and manufacturing technicians.

According to state filings, the project is expected to be completed in May 2025.

NewsNation affiliate KXAN reached out to the contact for Neuralink listed in the state document.

Elon Musk’s growing footprint

This isn’t the first time Musk expanded into the Lone Star State. He’s already put roots down for Tesla, X and the Boring Company in Central Texas.

Earlier this year, Gov. Greg Abbott cited a Bloomberg article that claimed Elon Musk is now officially Austin’s largest private employer.

“The Tesla Gigafactory employs a lot of people in a lot of various roles throughout the manufacturing chain,” said Austin Technology Council CEO Thom Singer.

Musk has contributed to both growth and layoffs in the area. In April, Tesla fired 2,688 of its Austin employees.


Abbott threatens to pull funding from hospital after doctor’s TikTok

“The tech industry has, historically, for 40 or 50 years, seen sort of ebbs and flows of hiring and growth,” Singer said. “Then there’s some corrections and some layoffs that come along.”

Singer said even with layoffs, Austin’s status as a tech hub continues to expand. Ultimately, he said Musk’s companies help the workforce, but he’s just one part of the growing technology sector.

“We’re a town that is really focused on startups. We’re a town that is ripe for the growth oriented companies that get out of that startup phase,” Singer said. “If you look at the latest venture numbers, the investment in Austin is still continuing to grow.”