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☆ SpaceX files to relocate to Texas after Elon Musk's spat with Delaware over pay package
▼ + stars: | 2024-02-15 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +3 min

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

☆ Why Elon Musk's battle with Delaware is about more than a $55 billion pay package
▼ + stars: | 2024-01-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Musk's Tesla pay was structured without a salary to involve 12 stock option awards that would only be given once performance goals for each of them were met. Though Musk can appeal the decision, there are signs that this battle is about more than just the massive pay package that has propelled him to a $205 billion fortune. The carmaker is currently worth $600 billion, up from roughly $50 billion in 2018, when Musk received his pay plan. So it's reasonable to take Musk at face value when he says his Tesla pay, as McCormick put it, is a "means of bankrolling that mission." Closer to home, Musk's legal battle could trigger a rethink of where Corporate America goes to do business.

Persons: —, Elon, Thomas Jefferson, Tesla, Richard Tornetta —, Musk, Judge Kathaleen McCormick, Musk's Tesla, Chandan Khanna, …, Judge McCormick, McCormick, DealBook, that's Organizations: Service, The, The Diamond State, Business, SpaceX, Toyota, Delaware Inc, Corporate America Locations: Delaware, The Diamond, Tesla, Mars, America's, America, Nevada, Texas

☆ Crowds gather in London for moment in history as King Charles is crowned
▼ + stars: | 2023-05-06 | by ( ) www.cnbc.com time to read: +7 min

Well-wishers gather along the path that Britain's King Charles and Queen Consort Camilla will travel during the procession marking their coronation along the main streets of London, Britain, May 5, 2023. His second wife Camilla, 75, will be crowned queen during the two-hour ceremony which, while rooted in history, will attempt to present a forward-looking monarchy. People, royalists and royal fans gather along The Mall in preparation for the Coronation of King Charles III on 5th May 2023 in London, United Kingdom. Much of the ceremony will feature elements that Charles' forebears right back to King Edgar in 973 would recognize, officials said. People, royalists and royal fans shelter under umbrellas and waterproofs as torrential rain arrives as people gather along The Mall in preparation for the Coronation of King Charles III on 5th May 2023 in London, United Kingdom.

[1/5] Britain's King Charles speaks to guests during a reception for overseas guests attending his coronation at Buckingham Palace in London, Britain, May 5, 2023. It will be the largest show of its kind in Britain since the coronation of Charles' mother. Once at the abbey, much of the ceremony will feature elements that Charles' forebears right back to King Edgar in 973 would recognise, officials said. Handel’s coronation anthem "Zadok The Priest" will be sung as it has at every coronation since 1727. After returning to Buckingham Palace, the royals will make a traditional appearance on the balcony, with a fly-past by military aircraft.

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