Overview

• Elon Musk moved SpaceX, Tesla, and X to Texas following dissatisfaction with Delaware's corporate legal system, solidifying the state as a hub for his enterprises.
• Governor Greg Abbott played a key role in creating Texas' business courts, appointing judges and emphasizing 'predictability and certainty' in rulings for corporations.
• The Texas Legislature is advancing a bill to limit shareholder lawsuits, raising the threshold for filing claims and shielding executives from most legal scrutiny.
• Critics argue that Abbott's judicial appointments and short-term business court judgeships undermine judicial independence and foster political influence.
• Texas leaders, including Abbott and Senator Ted Cruz, have provided Musk with significant tax incentives and legislative support to protect and expand his business interests.