India, Feb. 15 -- Elon Musk's rocket company, SpaceX, has filed to change its registration state to Texas from Delaware, according to the founder's post on X, formerly Twitter.
"If your company is still incorporated in Delaware, I recommend moving to another state as soon as possible," Musk added.
The CEO had proposed the move earlier on X, after a Delaware judge revoked Musk's $56 billion salary package in a lawsuit filed by Tesla's investors, who claimed that the excessive package was not properly disclosed ahead for stockholders' approval.
The Chancery Court Chancellor Kathaleen McCormick ruled that the company's board had failed to prove that Musk's pay package was fair or even present evidence that a negotiation with Musk had taken ...