Elon Musk continues his flight from “the First State”Another Elon Musk-led company has moved its home base from Delaware as the tech billionaire continues to criticize the state after a judge there voided his nearly $56 billion payday at Tesla.
Moving the incorporation of SpaceX, Musk’s privately held rocket giant, to Texas will help bolster the Lone Star State’s standing with business.
Musk is making good on his threat to pull out of the state.
It comes shortly after he relocated the incorporation of Neuralink, his brain implant company, to Nevada.
Musk endorsed that view, writing that having a Delaware incorporation is a “guarantee of spurious litigation.”
Persons:
Elon Musk, Elon, Musk’s, Tesla, ”
Organizations:
Tesla, SpaceX, Lone Star
Locations:
Delaware, Texas, Neuralink, Nevada, America