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IPFS News Link • Business/ Commerce

Elon Musk To Move SpaceX From Delaware to Texas. Is It More Than Just Talk?


This announcement came with a stark warning from Elon Musk himself, urging companies to reconsider their incorporation in Delaware.

However, experts and legal scholars argue that this incident is unlikely to trigger a widespread migration of corporations away from the business-friendly state.

SpaceX: The Unwavering Appeal of Delaware for Businesses

Despite Elon Musk's fervent disapproval, Delaware remains the cornerstone for corporate incorporations in the United States. With over 68% of Fortune 500 companies and 79% of U.S. IPOs registered there in 2022, the state's allure is undeniable.