SpaceX’s legal home moved from Delaware to Texas

Many big US corporations, including Amazon, are registered in Delaware, which is known for having light taxation. Elon Musk says he has moved the legal home of his rocket company SpaceX from the US state of Delaware to Texas. Two weeks ago, Mr Musk said electric carmaker Tesla’s shareholders will vote on making the same move. His brain-chip implant firm, Neuralink, has also relocated its legal home to Nevada. This comes after a judge in Delaware annulled his $55.8bn (£44bn) pay package from Tesla. What business impact will Texas have over Delaware?