Elon Musk Relocates SpaceX's Legal Home to Texas, Criticizes Delaware

Following a Delaware court ruling against his Tesla pay package, Elon Musk moves SpaceX to Texas and urges companies to leave Delaware.

Elon Musk announces the relocation of SpaceX's legal incorporation from Delaware to Texas, following a Delaware court's decision to void his $56 billion Tesla pay package.
Musk criticizes Delaware's legal environment, urging companies to consider incorporating in states like Nevada or Texas for better legal protections and tax benefits.
The move comes after Neuralink, another Musk venture, changed its incorporation from Delaware to Nevada, highlighting a broader strategy to shift business operations out of Delaware.
Delaware, known for its business-friendly laws, faces criticism from Musk who describes the state as prone to 'spurious litigation' and unfavorable to businesses.
Musk's decision to relocate SpaceX and potentially Tesla's incorporation to Texas aligns with his investments in the state, including Tesla's headquarters in Austin and SpaceX facilities.