FILE PHOTO: A drone view shows Tesla electric vehicles waiting for shipment outside the Tesla gigafactory in Austin, Texas, U.S., May 2, 2025. REUTERS/Eli Hartman/File Photo
WILMINGTON, DEL. (Reuters) -In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state's longtime reputation as Corporate America's capital, Reuters has found.
Five companies with a stock market value of at least $1 billion have moved their legal home out of Delaware since last year, in what some have nicknamed "Dexit." Tesla made a high-profile move to Texas last year and in April, President Donald Trump’s social media company Trump Media & Technology, which owns the Truth Social platform, decamped to Florida.
