Elon Musk reincorporates SpaceX in Texas after online tantrum about $55 billion salary

by Michael Karlis

Elon Musk, one of the world's richest people, has reincorporated his rocket company Space X in Texas, lashing out in a Wednesday announcement at the state of Delaware, its previous corporate home. Musk's jab at Delaware, a favorite state for incorporations due to its favorable tax rules, comes after a judge there last month ruled the billionaire couldn't keep his $55 billion salary from electric car company Tesla. In the statement posted to social media platform X, which Musk also owns, he posted an image of SpaceX 's Certificate of Conversion signed by Texas Secretary of State Jane Nelson.
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