On Wednesday, Elon Musk, the CEO of SpaceX, announced in a post on X, the billionaire’s social media platform formerly known as Twitter, that the business has changed its state of incorporation from Delaware to Texas.

“SpaceX has shifted from Delaware to Texas as its state of incorporation! On the platform that was formerly known as Twitter, Musk stated, “I recommend moving to another state as soon as possible if your company is still incorporated in Delaware.”

The move comes after a Delaware judge nullified the $56 billion pay package of the billionaire founder and CEO of Tesla, an electric vehicle manufacturer, earlier this month. The CEO said he will organize a shareholder vote to change Tesla’s state of incorporation to Texas, where the company maintains its headquarters.

“The public vote is unequivocally in favor of Texas! Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk declared earlier this month on X, following a poll in which 87% of participants supported the company’s move to change its incorporation state to Texas.

Neuralink, Musk’s brain-chip implant startup, similarly shifted its incorporation state from Delaware to Nevada last week.