SpaceX files to move incorporation site from Delaware to Texas
Publishing timestamp: 2024-02-15 08:12:52
Summary
SpaceX, one of Elon Musk's companies, has filed to change its incorporation location from Delaware to Texas. This move follows a ruling by the Delaware Chancery Court that ordered Tesla to rescind Elon Musk's 2018 CEO pay package. Musk has expressed a strong preference for moving his businesses out of Delaware and has encouraged others to do the same. Neuralink, another one of Musk's companies, is also moving its incorporation location from Delaware to Nevada. Musk is expected to file for an appeal regarding his pay package.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: space industry, breaking news: technology, tesla inc, autos, delaware, venture capital, elon musk, texas, technology, business news,
Source: https://www.cnbc.com/2024/02/14/spacex-files-to-move-incorporation-site-from-delaware-to-texas.html