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SpaceX moves its legal home to Texas from Delaware

<p>Elon Musk has started moving his businesses away from Delaware, following a judge's decision in the state to <a data-i13n="cpos:1;pos:1" href="https://www.engadget.com/elon-musks-56-billion-tesla-pay-package-has-been-tossed-out-by-the-court-074235803.html?_fsig=bTXaoj2qGQeyU0PoVsHYkQ--%7EA">invalidate his $56 billion Tesla pay package[/url]. In a post on X, Musk has announced that SpaceX has moved its corporate home from Delaware to Texas, along with a copy of the certificate of conversion it received from the Texas Secretary of State. &quot;If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,&quot; the executive added.&nbsp;</p>
<div id="d341cc252c3b4c1cb3e6e97178964490"><blockquote class="twitter-tweet"><p lang="en" dir="ltr">SpaceX has moved its state of incorporation from Delaware to Texas!

If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible. pic.twitter.com/B7FLByL2dY (https://t.co/B7FLByL2dY)</p>— Elon Musk (@elonmusk) February 15, 2024 (https://twitter.com/elonmusk/status/1757924482885583112?ref_src=twsrc%5Etfw)
 

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<p>As <a data-i13n="cpos:2;pos:1" href="https://www.bloomberg.com/news/articles/2024-02-14/spacex-seeks-to-move-incorporation-to-texas-from-delaware?sref=10lNAhZ9">Bloomberg[/url]&nbsp;notes, he also moved Neuralink's business from Delaware to Nevada on February 8, shortly after he revealed that the company <a data-i13n="cpos:3;pos:1" href="https://www.engadget.com/neuralinks-brain-chip-has-been-implanted-in-a-human-elon-musk-says-235434320.html">implanted its brain chip[/url] into a human patient for the first time. With that change in location, Neuralink joined another company Musk controls in the state: X, which he also moved from Delaware, when he <a data-i13n="cpos:4;pos:1" href="https://www.engadget.com/elon-musk-is-rebranding-twitter-to-x-and-killing-the-bird-logo-165944573.html">changed its name from Twitter[/url] in 2023.&nbsp;</p>
<span id="end-legacy-contents"></span><p>Back when the court's decision to toss out his Tesla compensation package came out, Musk posted a series of tweets airing his grievances against the state. In one post, he <a data-i13n="cpos:5;pos:1" href="https://twitter.com/elonmusk/status/1752491924848820595">polled[/url] people on whether Tesla should change its legal corporate home to Texas. &quot;Never incorporate your company in the state of Delaware,&quot; he <a data-i13n="cpos:6;pos:1" href="https://twitter.com/elonmusk/status/1752455348106166598">wrote[/url] in another post. &quot;I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters,&quot; Musk <a data-i13n="cpos:7;pos:1" href="https://twitter.com/elonmusk/status/1752486201083543842">added[/url].&nbsp;</p>
<p>Unlike SpaceX and Neuralink, though, it will likely take a while for Tesla to move its incorporation. Musk still has to take a vote from shareholders on whether the company should move its legal home. It's worth noting that both Tesla and SpaceX already have a massive presence in The Lone Star State. Tesla <a data-i13n="cpos:8;pos:1" href="https://www.engadget.com/tesla-moving-headquarters-texas-030729064.html?_fsig=bR2yVgB9krciHbdPZUL5Ww--%7EA">moved its physical headquarters[/url] to Texas from California due to the latter's COVID-19 safety measures. It also has a Gigafactory in the state, which produces the company's vehicles, including the <a data-i13n="cpos:9;pos:1" href="https://www.engadget.com/teslas-texas-factory-has-produced-its-first-cybertruck-161840934.html?_fsig=bR2yVgB9krciHbdPZUL5Ww--%7EA">Cybertruck[/url]. Meanwhile, SpaceX's <a data-i13n="cpos:10;pos:1" href="https://www.engadget.com/spacex-will-conduct-a-starship-launch-rehearsal-next-week-173504593.html">Starbase[/url], a production and launch facility for its Starship vehicles, is located in Boca Chica, Texas.&nbsp;</p>This article originally appeared on Engadget at https://www.engadget.com/spacex-moves-its-legal-home-to-texas-from-delaware-073217793.html?src=rss

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