Meta Explores Leaving Delaware: Texas Incorporation on the Horizon
Meta Platforms is considering relocating its state of incorporation from Delaware to Texas or other states, following Elon Musk's similar moves with Tesla and SpaceX. The potential shift comes amid growing concerns over Delaware's court rulings and could provide Meta advantages in shareholder litigation.
OpenAI Shifts to For-Profit Model to Accelerate AI Development Mission
OpenAI announces transition from nonprofit-controlled to standalone for-profit entity, becoming a Delaware Public Benefit Corporation. The restructuring aims to enable massive fundraising while maintaining its mission of developing AGI to benefit humanity, though it signals a clear pivot toward commercial interests.
Delaware Court Denies Musk's Appeal to Reinstate $56 Billion Tesla Pay Package
Delaware judge Kathaleen McCormick upheld her decision to void Elon Musk's record-breaking $56 billion Tesla compensation package, rejecting attempts to ratify it through shareholder votes. The ruling represents a significant setback for Musk, who had previously moved Tesla's incorporation from Delaware to Texas in protest.