The Daily Signal by Mary Elise Cosgray 2/16/2024
Elon Musk announced Wednesday that SpaceX is moving its state of incorporation to Texas from Delaware, a move hailed by the Lone Star State’s governor.
The decision followed a recent ruling by a Delaware judge that sided with a Tesla shareholder’s lawsuit challenging Musk’s $56 billion pay package as being excessive. Musk is the CEO of Tesla, a maker of electric vehicles, and the founder and CEO of SpaceX, a spacecraft and telecommunications company.
Musk conducted a poll on X, formerly Twitter, which he also owns, for shareholders to vote on whether the privately held SpaceX should relocate to Texas.
According to Musk, the poll found that 87% of participants supported SpaceX’s move to Texas. “The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” he posted.
More:
https://www.dailysignal.com/2024/02/16/spacexs-move-to-texas-booming-economy-is-proof-positive-that-conservatism-works/Elon Musk
@elonmusk
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.
https://twitter.com/elonmusk/status/1757924482885583112Greg Abbott
@GregAbbott_TX
Here we go.
X marks the spot.
https://twitter.com/GregAbbott_TX/status/1758006749141839923
