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Delaware has shaped its identity around being a predictable haven for businesses, especially since it began attracting company incorporations in the early 20th century. This appeal to corporations was built on a foundation of fair and balanced court rulings, solidifying Delaware's reputation as a safe harbor for corporate law. However, this long-standing perception is now being challenged.
The Stimulus Behind the Exodus
Major corporations including Dropbox and Meta have announced their intentions to leave Delaware, while others such as Elon Musk's companies—SpaceX and Neuralink—have already started restructuring outside of the state. This trend is not merely a coincidence; several factors have converged to motivate these corporations to reevaluate their affiliations.