Thursday, July 3, 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Twitter Adopts Poison Pill Rights Plan To Halt Hostile Takeover Attempt By Elon Musk

Hot off the heels of Elon Musk looking to attempt a hostile takeover of Twitter...

Friday, April 15, 2022, 01:01:42 PM

What’s Next For Musk’s Twitter: New CEO, Longer Tweets, “Extremely Hardcore” Management

Elon Musk stated on Wednesday that he expects to spend less time at Twitter and...

Thursday, November 17, 2022, 10:43:00 AM

Teenager Tracking Elon Musk’s Private Jet Refuses To Delete Twitter Account After Billionaire’s US$5,000 Offer

A teenager who’s been tracking and tweeting Elon Musk’s private jet flights refused the billionaire’s...

Monday, January 31, 2022, 03:19:00 PM

Twitter Shareholders Intend To Hold Elon Musk To The Merger Agreement With 98.6% Vote Approving The Acquisition

Despite Elon Musk trying to get out of the proposed Twitter (NYSE: TWTR) takeover, the firm’s shareholders...

Wednesday, September 14, 2022, 03:30:00 PM

Jeff Bezos Surpasses Musk, Reclaims Position as World’s Richest Person

After Elon Musk recently surpassed Jeff Bezos as the world’s richest person, it appears that...

Saturday, February 20, 2021, 04:01:00 PM