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Elon Musk’s Neuralink is now a Nevada company.

Last week, Musk said he wanted to move Tesla’s incorporation to Texas after a Delaware judge struck down his $55 billion pay package, but as Bloomberg notes, that would take a shareholder vote. There’s no such restriction on Neuralink.

The Wall Street Journal writes that Musk isn’t the only billionaire railing against Delaware’s rules, but that despite Nevada’s friendly laws, lawyers “prefer the simplicity” of Delaware incorporation.

Update February 11th, 2024, 2:06PM ET: Added context from The Wall Street Journal.