Elon Musk, the CEO of SpaceX, announced in a post on X on Wednesday that the business has changed its state of incorporation from Delaware to Texas.
“SpaceX has shifted from Delaware to Texas as its state of incorporation! On the platform that was formerly known as Twitter, Musk stated, “I recommend moving to another state as soon as possible if your company is still incorporated in Delaware.”
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.
