Elon Musk Moves SpaceX’ State of Incorporation from Delaware to Texas, Urges Other Companies to Follow Suit
GPS III SV01 Mission (2018). Original from Official SpaceX Photos. Digitally enhanced by rawpixel.
In a bold response to a legal setback in Delaware, SpaceX CEO Elon Musk announced the relocation of the aerospace company’s state of incorporation to Texas. The move comes after a Delaware court invalidated Musk’s unprecedented $56 billion compensation package at Tesla.
“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 proclaimed 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.
