New York CNN —SpaceX wants to move its business incorporation location from Delaware to Texas, according to a Wednesday filing to the Texas Secretary of State. The move by the Elon Musk-owned company comes after a Delaware state judge struck down Musk’s 2018 Tesla pay package, siding with a shareholder who had challenged it as excessive. “SpaceX has moved its state of incorporation from Delaware to Texas!” Musk posted on X Wednesday. “Never incorporate your company in the state of Delaware,” Musk posted on X in January. After the pay package ruling, Musk said he is seeking shareholder approval to incorporate Tesla, another company that he leads, in Texas.

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Persons: Musk, ”, Neuralink, ” Musk, “, Tesla, Madok, Allison Morrow Organizations: New, New York CNN, SpaceX, State, Elon Musk, United States ’, Bloomberg, Texas Locations: New York, Delaware, Texas, Nevada