{
  "id": 689712,
  "title": "Here are the biggest companies that have followed Elon Musk out of Delaware",
  "url": "https://urgent.news/2026/08/12/here-are-the-biggest-companies-that-have-followed-elon-musk-out-of",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-12T18:08:02.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/list-corporations-leaving-delaware-elon-musk-spacex-tesla-dropbox-roblox-2025-7"
  },
  "original_language": "en",
  "account": "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.\n\nDoorDash, 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.\n\nTech 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.",
  "summary": "Elon Musk urged companies to ditch Delaware last year after a judge voided his $55 billion pay package.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Guardian Business",
        "title": "Tesla paid Elon Musk 2.5m times more as CEO than its average worker in 2025",
        "url": "https://urgent.news/2026/08/13/tesla-paid-elon-musk-2-5m-times-more-as-ceo-than-its-average-worker",
        "published": "2026-08-13T16:31:14.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}