SpaceX CEO Elon Musk moved the spacecraft and satellite communications company’s state of incorporation to Texas on Wednesday, as the billionaire attempts to move his many companies out of Delaware following an unfavorable ruling in state court.
“SpaceX has moved its state of incorporation from Delaware to Texas!” Musk wrote in a post on X, the platform formerly known as Twitter, which he renamed after acquiring the social media company in 2022.
“If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” he added in the post, which featured an image of SpaceX’s filing with the Texas secretary of state.
Musk also moved the state of incorporation for his neurotechnology company Neuralink from Delaware to Nevada last week, according to Reuters .
The billionaire similarly hopes to move Tesla from Delaware to Texas and said earlier this month that the electric car company will hold a shareholder vote on moving its site of incorporation.