Elon Musk warns about Delaware as another tech giant exits
In 2024, Elon Musk moved both Tesla (NASDAQ: TSLA) and SpaceX to Texas after a Delaware court invalidated his $56 billion compensation package. In February this year, Dropbox cited “litigation risk” as it left Delaware and reincorporated elsewhere. Andreessen Horowitz, the Silicon Valley venture capital firm, followed in July, criticizing Delaware’s Court of Chancery for injecting “an unprecedented level of subjectivity” into its rulings. Now, Coinbase (NASDAQ: COIN), the largest cryptocurrency exchange ...