Elon Musk's SpaceX is trying to convert its business incorporation from Delaware to Texas. The Texas Secretary of State today issued a certificate evidencing acceptance and filing of the conversion, according to a document. The rocket company's decision comes about two weeks after a Delaware court ordered Musk to give up a Tesla compensation package valued at $55.8 billion.
“Never incorporate your company in the state of Delaware,” Musk wrote on X after the court ruling, noting that shareholders could vote on whether to move Tesla’s incorporation from Delaware to Texas.
#Musk #convert #SpaceX #incorporation #Delaware #Texas
