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Elon Musk Moves SpaceX Incorporation From Delaware To Texas, Tells Other Businesses To Leave ‘As Soon As Possible’

By Emily Chou
Published in SpaceX
February 15, 2024
2 min read
Elon Musk Moves SpaceX Incorporation From Delaware To Texas, Tells Other Businesses To Leave ‘As Soon As Possible’

So, I stumbled upon this super interesting article titled “Elon Musk Moves SpaceX Incorporation From Delaware To Texas, Tells Other Businesses To Leave ‘As Soon As Possible’” and let me tell you, it is quite a wild ride. You know how Elon Musk is always up to something, right? Well, this time he’s decided to move his SpaceX company from Delaware to Texas, and he’s not stopping there – he’s also telling other businesses to pack their bags and leave “as soon as possible.” Talk about bold moves!

Now, let me break it down for you. Elon Musk, the mastermind behind SpaceX, has recently decided that Delaware is no longer the place to be. He’s waving goodbye to the cozy coastal state and heading down south to the Lone Star State. And he’s not just doing it for the BBQ and cowboy boots (although those are definitely a bonus), but rather because Texas offers some tempting incentives for businesses. Plus, Musk seems to have a soft spot for Texas, considering he already has a Tesla factory there.

But why is Musk on this relocation spree, you ask? Well, my friend, it’s all about those sweet, sweet tax benefits. Texas is known for its business-friendly environment, with no state income tax and low overall taxes. And if you think about it, it totally makes sense for a business like SpaceX that’s all about innovation and pushing boundaries to be in a state that supports that kind of spirit. Plus, with the recent launch and success of SpaceX’s Crew Dragon mission, Musk is probably feeling pretty confident and ready to conquer new frontiers.

Now, this article got me thinking about the impact of these moves on local economies. When big businesses like SpaceX relocate, it can create a ripple effect, attracting other companies and boosting the economy in the new location. Just think about all the jobs and opportunities that come with it. On the flip side, it can also leave behind a void in the place they’re leaving, so it’ll be interesting to see how Delaware copes without SpaceX.

In conclusion, my friend, Elon Musk is on the move again, and this time he’s taking SpaceX from Delaware to Texas. It’s a bold move driven by tax benefits and a business-friendly environment. And who knows, maybe this trend will continue with other businesses following suit. Only time will tell. But one thing’s for sure, Elon Musk sure knows how to keep us on our toes!


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Emily Chou

Emily Chou

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