SpaceX moves its legal home to Texas from Delaware

Elon Musk has started moving his businesses out of Delaware after a judge in the state ruled invalidates his $56 billion Tesla pay package. In a post on X, Musk revealed that SpaceX has moved its corporate home from Delaware to Texas, along with a copy of the conversion certificate it received from the Texas Secretary of State. “If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” the executive said.

whom Bloomberg notes that it also moved Neuralink’s operations from Delaware to Nevada on February 8. implanted a brain chip became a human patient for the first time. With the location change, Neuralink joined another Musk-led company: X, when it also moved from Delaware. He changed his name from Twitter In 2023.

When the court’s decision to strike down Tesla’s compensation package came out, Musk posted a series of tweets airing his grievances against the state. In an article he was questioned people on whether or not Tesla changed its legal corporate home to Texas. “Never incorporate your company in Delaware,” he said he wrote in another post. “If you prefer to let the shareholders decide, I recommend incorporating in Nevada or Texas,” Musk said. he added.

Unlike SpaceX and Neuralink, it will likely take some time for Tesla to transfer its merger. Musk still needs to get a shareholder vote on moving the company’s legal home. It’s worth noting that both Tesla and SpaceX already have a massive presence in The Lone Star State. Tesla moved its physical headquarters California to Texas due to the latter’s COVID-19 safety measures. It also has a Gigafactory in the state that manufactures the company’s vehicles, including cars Cyber ​​truck. Meanwhile, SpaceX Star baseThe manufacturing and launch facility for Starship vehicles is located in Boca Chica, Texas.