Elon Musk, CEO of SpaceX, stated in a post on X that the company has changed its incorporation state from Delaware to Texas.
SpaceX has changed its incorporation state from Delaware to Texas, CEO Elon Musk announced in a post on X on Wednesday.
“SpaceX has changed its state of incorporation from Delaware to Texas!” If your company is still incorporated in Delaware, I urge relocating to another state as soon as possible,” Musk stated, opening a new tab on the platform, which was previously known as Twitter.
The move comes after the billionaire founder and CEO of Tesla (TSLA.O.), who opened a new tab, said earlier this month that he would 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 clearly in favor of Texas! Tesla will act immediately to hold a shareholder vote to relocate its state of incorporation to Texas,” Musk announced on X earlier this month, following a survey in which 87% of respondents voted “yes” for the change of incorporation.
Musk’s brain-chip implant business, Neuralink, similarly changed its incorporation state from Delaware to Nevada last week.
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