Rocket company SpaceX has moved its Texas headquarters from Delaware, its founder Elon Musk said Wednesday, weeks after a Delaware judge struck down his pay package at Tesla, another company he owns.
Texas Secretary of State Jane Nelson issued a certificate confirming that the state accepted the company’s filing to relocate its establishment on Wednesday, according to a copy of the document posted on her office’s website. A spokeswoman for Ms. Nelson’s office did not immediately respond to a request for comment.
Mr Musk, a billionaire who lives in Texas and also runs the Tesla carmaker, has had problems with Delaware. Last month, a judge there struck down the pay package that helped make him the world’s richest man.
That case was brought by a group of Tesla shareholders challenging a stock option package that allowed Mr. Musk to acquire about 304 million Tesla shares at a predetermined price — $23.34 a share — if the company met certain goals. The judge ultimately ruled that Mr. Musk had effectively overseen his own compensation plan, worth more than $50 billion last month, with the help of compliant board members.
“If your company is still based in Delaware, I recommend moving to another state as soon as possible,” Mr. Musk wrote Wednesday on X, the social media platform he owns, in a post announcing the SpaceX news.
Mr. Musk announced the move just hours before the company launched a robotic craft that will attempt to carry NASA payloads to the moon. The launch time had been postponed to early Thursday morning from Wednesday due to a technical problem.
