Tuesday, October 28, 2025

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

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Goliath Resources Drills 10.72 g/t Gold Over 7.83 Metres At Surebet

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Related News

OPM Memo To Federal Employees Mirrors Musk’s Twitter Purge Email

A memo from the Office of Personnel Management—federal US’ HR—is said to bear striking resemblance...

Wednesday, January 29, 2025, 11:39:00 AM

Elon Musk Accuses SEC of Leaking Sensitive Information

It appears that Elon Musk vs. the SEC is far from over, with the Tesla...

Tuesday, February 22, 2022, 05:40:00 PM

Musk Used AI Firm’s Cash to Keep X Afloat, Documents Show

Elon Musk transferred hundreds of millions of dollars from his artificial intelligence company xAI to...

Friday, February 7, 2025, 03:40:00 PM

UK May Ban Tesla’s Full Self-Driving Technology Under New Driverless Car Laws

The UK Department for Transport is poised to ban the sale of Tesla’s (NASDAQ: TSLA)...

Monday, November 27, 2023, 10:56:28 AM

FDA Gives Elon Musk’s Neuralink Approval To Test On Human Brains While Animal Harm Reports Still Loom

Elon Musk’s brain-implant firm Neuralink announced that the Food and Drug Administration (FDA) has approved...

Friday, May 26, 2023, 08:14:34 AM