Musk says SpaceX has moved its incorporation to Texas from Delaware
Technology
This moves come after after a Delaware judge invalidated his $56-billion pay package
(Reuters) - Rocket company SpaceX has moved its state of incorporation to Texas from Delaware, CEO Elon Musk said Wednesday in a post on X.
"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 on the platform, formerly known as Twitter.
SpaceX has moved its state of incorporation from Delaware to Texas!
— Elon Musk (@elonmusk) February 15, 2024
If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible. pic.twitter.com/B7FLByL2dY
The move comes after the billionaire founder and electric vehicle maker Tesla's CEO said earlier this month that he will hold a shareholder vote to move Tesla's state of incorporation to Texas, where it has its headquarters, after a Delaware judge invalidated his $56-billion pay package.
"The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas," Musk said on X earlier this month after holding a poll where 87% respondents voted "yes" for Tesla's change of incorporation.
Musk's brain-chip implant company, Neuralink also changed its location of incorporation from Delaware to Nevada last week.
