SpaceX Seeks to Move Incorporation to Texas From Delaware
- Move comes after judge voided Musk’s record Tesla pay package
- Billionaire plans similar Texas move for electric car maker
SpaceX is seeking to convert the location of its business incorporation to Texas.
Photographer: NASA/Getty Images
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SpaceX is seeking to convert the location of its business incorporation to Texas, according to a filing with the Texas Secretary of State’s office, becoming the latest Elon Musk-led company to ditch Delaware.
The Wednesday filing comes after Musk’s almost $56 billion pay package at Tesla Inc. was voided by a Delaware judge in January. Immediately after the ruling, the billionaire said he would summon Tesla shareholders to vote on moving the electric-vehicle maker’s incorporation to Texas. He has not yet made such a request.