Musk pushes forward on transfer of legal home for SpaceX from Delaware to Texas [Video]

Elon Musk is looking to move the legal home of SpaceX to Texas from Delaware after a judge in that state voided the billionaire’s $55.8 billion Tesla pay package.

A certificate of conversion for Space Exploration Technologies Corp. was filed to reincorporate in Texas from Delaware, which became effective on Wednesday.

“SpaceX has moved its state of incorporation from Delaware to Texas! If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible,” Musk said in a post on X, formerly known as Twitter.

The change by SpaceX comes just days after Musk’s brain implant company Neuralink moved its legal corporate home from Delaware to Nevada.

Musk is a co-founder of the privately held Neuralink.

Most corporations set up legal shop in Delaware because state law is typically favorable to corporations and experts say the change could backfire.

Last month Delaware Chancellor Kathaleen St. Jude McCormick invalidated the pay package that Tesla …