SpaceX moves its corporation home from Delaware to Texas
As had been threatened by Elon Musk, SpaceX has now officially filed to move its incorporation home from Delaware to Texas, taking with it signicant tax dollars.
SpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported.
SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge’s decision to void his $55 billion Tesla pay package.
Another Musk company, Neuralink, has also shifted its incorpoation from Delaware to Nevada.
None of this involves the movement of any physical facilities. However, Musk is making it very clear once again that if a state government interferes unreasonably with his business operations, he will leave it. He did this by the actual shifting previously large parts of SpaceX operations from California to Texas when California government officials attempted to punish him for remaining open during the Wuhan panic. Now he is doing the same to Delaware because it appears one judge decided he didn’t like Musk’s Tesla’s pay package, even though 80% of the company’s stockholders approved.
As had been threatened by Elon Musk, SpaceX has now officially filed to move its incorporation home from Delaware to Texas, taking with it signicant tax dollars.
SpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported.
SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge’s decision to void his $55 billion Tesla pay package.
Another Musk company, Neuralink, has also shifted its incorpoation from Delaware to Nevada.
None of this involves the movement of any physical facilities. However, Musk is making it very clear once again that if a state government interferes unreasonably with his business operations, he will leave it. He did this by the actual shifting previously large parts of SpaceX operations from California to Texas when California government officials attempted to punish him for remaining open during the Wuhan panic. Now he is doing the same to Delaware because it appears one judge decided he didn’t like Musk’s Tesla’s pay package, even though 80% of the company’s stockholders approved.