SpaceX has filed to relocate its business incorporation from Delaware to Texas.
The move follows a Delaware judge's decision to void CEO Elon Musk a $55 billion Tesla pay package.
AdvertisementSpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported.
SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge's decision to void his $55 billion Tesla pay package.
"The public vote is unequivocally in favor of Texas," Musk wrote on February 1.
Persons:
Elon Musk, —, Musk, B7FLByL2dY — Elon, Tesla, Charles Elson
Organizations:
SpaceX, Service, Texas, State, Bloomberg, Diamond State, Business, Weinberg, Corporate, University of Delaware, Wall Street
Locations:
Delaware, Texas, Neuralink, Nevada, it's, Brownsville, Austin, Silicon Valley