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- 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.
- Musk already relocated Neuralink from Delaware to Nevada.
SpaceX, 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.
Representatives for SpaceX and the Texas Secretary of State did not immediately return a request for comment from Business Insider.
Musk posted on Wednesday about the decision to move to Texas on his social platform X (formerly Twitter).
The filing comes less than a month after a judge in Delaware voided Musk’s $55 billion Tesla pay package — a decision that threatened Musk’s rein as the world’s richest person . The ruling was in response to a 2018 lawsuit brought on by a Tesla shareholder who believed the pay was excessive. The judge concluded that Tesla didn’t give good enough reasoning for the compensation plan and that the board lacked independence. Tesla can still appeal the decision.