Elon Musk Moves SpaceX To Texas As He Continues To Whine About Delaware

Elon Musk has moved SpaceX, his space exploration company, from the state of Delaware to Texas. This comes after a Delaware judge voided Musk’s $55 billion compensation package for Tesla (Nasdaq: TSLA) ,after a lawsuit that alleged he was overpaid through an exorbitant performance-based equity compensation plan.

After the ruling, Musk warned his followers on X to “never incorporate your company in the state of Delaware.” On Wednesday, he confirmed the transfer saying “if your company is still incorporated in Delaware, I recommend moving to another state as soon as possible.”

The move follows Musk completing the reincorporation of his brain implant company, Neuralink Corp, in the state of Nevada. And even before the Tesla ruling in Delaware, for which he is expected to file for an appeal to the Delaware State Supreme Court, he had already moved the state of incorporation of X, formerly Twitter, to Nevada. 


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Musked: Tesla Bars Biggest Fanboys from Investor Day

In a surprising plot twist, Tesla (NASDAQ: TSLA) banned at least two of its biggest...

Thursday, March 2, 2023, 11:52:00 AM

Tesla Drawn Into Epstein-JPMorgan Lawsuit As US Virgin Islands Struggles to Serve Elon Musk With Subpoena

In a recent development, a federal judge has ruled that the US Virgin Islands can...

Thursday, May 18, 2023, 05:03:00 PM

Blue Check For US$20, Longer Character Count: Things We Can Expect From Elon Musk’s Twitter

It’s no secret that Elon Musk is the new owner of Twitter (NYSE: TWTR) and...

Monday, October 31, 2022, 03:01:00 PM

Tesla Engineer Reveals Elon Musk Overstated Autopilot Capabilities

It appears that Tesla CEO Elon Musk has been overstating the capability of its self-driving...

Saturday, May 8, 2021, 10:19:00 AM

Chainsaw To Scalpel: Trump’s Cabinet Clamps Down on Musk’s Government Makeover

In the latest episode of this stranger-than-fiction reality show called US government, President Donald Trump...

Tuesday, March 11, 2025, 03:47:00 PM