Here are the biggest companies that have followed Elon Musk out of Delaware

Several major companies have decided to leave Delaware, the traditionally business-friendly state known for its incorporation-friendly laws. In 2024, Elon Musk's decision to reincorporate SpaceX from Delaware to Texas sparked concerns about legal uncertainty and subjectivity in the Delaware Court of Chancery. This prompted high-profile companies to reassess their incorporation status.

DoorDash, a food delivery service, announced in August that it would move its incorporation to Nevada after its shareholders approved the change, citing concerns over Delaware's legal system. Andreessen Horowitz, a venture capital firm, followed suit in July, moving its primary business to Nevada due to legal uncertainty and a desire for a more predictable legal environment.

The online gaming platform Roblox also voted in May to reincorporate to Nevada, citing alignment with its culture and mission. File-sharing company Dropbox filed a similar request with stockholders in January, claiming that Nevada offers a more predictable legal environment during a period of rapid business change.

Tech investor Bill Ackman, CEO of Pershing Square Capital Management, also decided to reincorporate his company from Delaware to Nevada in February, citing a desire for a more favorable legal framework while the company undergoes transformation. These high-profile departures from Delaware suggest that the state may be losing its status as the go-to state for incorporation, due in part to recent legal decisions and court rulings that have raised concerns about legal protections for companies.