Delaware for decades has been the undisputed capital of American corporate life. More than two-thirds of Fortune 500 companies call the tiny eastern state their legal home, drawn by its business-friendly courts and flexible laws. But now, in what commentators have dubbed 'Dexit', some of the biggest names in business are packing up and leaving.
Last year, when a Delaware judge struck down Elon Musk's eye-watering $56 billion pay package from Tesla, the world's richest man didn't hold back his fury. 'Never incorporate your company in the state of Delaware,' he thundered on X. Within months, both Tesla and his rocket company SpaceX had upped sticks for Texas.
.jpg?w=600)
