Summary: Unfortunately, you cannot buy Neuralink stock yet, as the company remains in private hands. However, you can invest in similar companies in the technology sector using a reputable brokerage platform like eToro.
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About Neuralink
The company’s short-term goal is to treat serious brain diseases, blindness, and disability, while the long-term objectives aim towards human enhancement or transhumanism. Neuralink is based in California and had a workforce of over 300 by 2022. As of December 2023, the neurotech company has the green light for human trials in the U.S.
Neuralink IPO
As of January 2023, Neuralink has yet to go public. While the company raised $280 million in August 2023, the capital came from private investors and those employed by the company. Currently, there are no definite signs of the intention to go public, so the general public still cannot invest in Neuralink.
Neuralink has been valued at $5 billion in private shares. This evaluation is many times lower than SpaceX, another Musk’s company that is still private with no definite indication of an IPO. Many claim that it makes sense for a larger company to go public sooner, meaning that Neuralink will go public only after SpaceX. In any case, investors will likely have to keep waiting.
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How to buy Neuralink stock: Step-by-step
Since it is not yet a public company, you cannot buy Neuralink stock. However, investors can still buy similar or competitor stock in the tech industry. Simply follow the steps of this straightforward process:
Step 1: Choose a broker
In preparation to buy Neuralink stock, you must first access the stock market by employing a third-party investing platform. The simplest method is using an online brokerage.
To buy Neuralink stock once it goes public, we recommend you consider eToro:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Currently available Neuralink stock alternatives to buy
If you want to buy similar stocks before Neuralink goes through its IPO, consider our top alternatives:
Tesla (TSLA)
Tesla (Nasdaq: TSLA) is an American multinational tech giant known for being the world’s most valuable automaker and one of the largest global suppliers of clean energy and battery storage systems, with significant investments in artificial intelligence and robotics.
Elon Musk is Tesla’s CEO, founder, and the majority stakeholder. Tesla is one of the top ten most valuable companies in the world, has a globally recognized brand, and stands at the top of the S&P 500 index. Therefore, it is a lucrative alternative to buying Neuralink stock.
Tesla stock price today
Your capital is at risk.
Biogen (BIIB)
Biogen Inc. (Nasdaq: BIIB) is an American multinational biotech company based in Massachusetts. It is a leading pharma and biotechnology player interested in developing various therapies for neurological and neurodegenerative conditions.
Biogen’s scope of operations includes many countries, including Brazil, Canada, China, Germany, Japan, and Sweden. Tackling similar issues but with a different approach, it is a suitable Neuralink stock alternative for investors.
Biogen stock price today
Your capital is at risk.
Abbott (ABT)
Abbott Laboratories (NYSE: ABT) is an American multinational healthcare and medical devices company. Based in the U.S., it remains one of the largest and oldest healthcare companies with a tradition of over a century.
Historically a manufacturer of drugs, today, the company mainly operates within the medical devices, diagnostics, and generic medicines sectors. For those turning towards Neuralink for neuro-stimulating devices, Abbott offers a wide selection of neuromodulation devices.
Abbott stock price today
Your capital is at risk.
BrainChip (BRN)
BrainChip Holdings Ltd. (ASX: BRN) is an Australian multinational technology company that focuses on designing and developing artificial intelligence machine learning features. Using innovative neuromorphic computing, it aims to mimic the functions of the human brain in silicon chips.
Like Neuralink, the solutions provided by BrainChip could have extensive use in sectors like security, surveillance, and gaming.
BrainChip stock price today
Your capital is at risk.
Step 2: Open and fund your account
After opting for an investing platform, you should create and verify an account. The brokerage service will promptly email you the correct instructions.
The next step is to prepare to buy Neuralink stock or invest in similar companies by transferring money into your account. Commonly available funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to invest in Neuralink
Tracking your budget limits before buying Neuralink stock is paramount to the success of your investment. To allow for a stable and safe business venture, make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Step 4: Place your order and buy Neuralink or similar stock
The next step is placing an order and conducting the trade. Go through the following:
- Step 1: Log into your account and find the desired ticker symbol;
- Step 2: Type in the amount you wish to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Pros and cons of investing in Neuralink and similar stocks
Pros
- Innovation potential: Neurotechnology companies like Neuralink operate at the helm of scientific and technological advancements, giving significant breakthrough potential. These companies can also contribute to developing novel medical treatments, rehabilitation techniques, and therapies for neurological disorders;
- Impactful applications: If Neuralink achieves any of its development goals, it will yield tremendous benefits to patients and consumers alike globally;
- Elon Musk’s leadership: Elon Musk is a somewhat divisive figure, but companies under his leadership have had significant success, profitability, and expansion potential;
- Diversification: Investing in neurotechnology can provide diversification benefits by adding exposure to multiple sectors, like biotechnology, artificial intelligence, and pharmaceuticals.
Cons
- Research uncertainties and skepticism: Neuroscientific research is challenging and often involves high uncertainty. Neuralink’s transhumanism goals border with science fiction, and the technical challenges and unexpected obstacles such companies experience can delay or even cancel projects;
- Regulatory challenges: The development and commercialization of neurotechnologies often involve dealing with complex regulatory environments, which can slow down the approval process;
- Protracted development timeframes: Developing and bringing neurotechnology solutions like Neuralink’s neural lace to market, if even possible, would be a lengthy process. Investors may need to have a long-term perspective and patience;
- Ethical dilemmas: Some neurotechnologies, particularly those related to brain-computer interfaces or cognitive enhancement like Neuralink’s, may raise ethical concerns, leading to public scrutiny and potential regulatory challenges.
Common mistakes to avoid when buying Neuralink stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the global state of the neurotech market and individual stock’s performance in detail before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Neuralink stock
Can I buy Neuralink stock?
You cannot buy Neuralink stock since the company has yet to go public. There are few indications of its IPO anytime soon, but you should still follow the financial news for the latest information.
What is Neuralink's stock symbol?
Neuralink is not a publicly traded company yet; its ticker symbol will be known once it goes through IPO.
When is Neuralink's stock IPO?
Despite the ongoing speculations, no conclusive data exists on Neuralink’s future IPO.
What is Neuralink's stock name?
Neuralink does not have a stock name since it is not publicly traded.
What is the projected Neuralink stock price?
As of January 2024, there are no estimates on the stock price for Neuralink, primarily because the company has not gone public and has not yet announced any specific plans for an IPO.
Who owns Neuralink stock?
Elon Musk is the majority holder of Neuralink stock, but the company is not publicly traded, so the exact ownership structure is not available to the general public.
How should I prepare to buy Neuralink stock?
Before buying Neuralink stock, you should register an account with an investing platform and transfer some funds. Our platform of choice for this is eToro. Always perform detailed research on the stock before buying. Optionally, you can invest in similar stocks, like Tesla, Biogen, Abbott, and BrainChip.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
