Elon Musk announced Wednesday that he had officially moved SpaceX’s incorporation from Delaware to Texas — where his electric vehicle company Tesla is headquartered.
Musk announced the decision on Wednesday at the same time as he urged other businesses to get out of Delaware. His decision comes after a judge in Delaware sided with a Tesla shareholder complaint that Musk’s compensation package was unfair.
“SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk said.
SpaceX has moved its state of incorporation from Delaware to Texas!
If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible. pic.twitter.com/B7FLByL2dY
— Elon Musk (@elonmusk) February 15, 2024
Musk has also proposed incorporating Tesla in…
