Wednesday, February 14, 2024

SpaceX Files To Move Incorporation Site From Delaware To Texas

In a recent development, SpaceX, the private aerospace manufacturer and space transportation services company founded by Elon Musk, has filed papers with the Delaware Secretary of State's office to move its incorporation site from Delaware to Texas. According to the filing, SpaceX aims to relocate its corporate headquarters from its current location in Hawthorne, California to a new site in Texas.

The move is expected to be completed by the end of 2023, and SpaceX has already begun the process of transferring its operations to the Lone Star State. The company has not disclosed the exact location of its new headquarters, but sources close to the matter have revealed that it will be situated in the Houston area.

The decision to move SpaceX's incorporation site to Texas is believed to be motivated by the state's business-friendly environment and lower taxes. Texas has a reputation for being a hub for innovation and entrepreneurship, and SpaceX is likely to benefit from the state's infrastructure and resources....

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