Texas has overtaken California as the state with the most headquarters of Fortune 500 companies, leading 57-56 on the 2026 list. Texas Congresswoman Beth Van Duyne advocates for regional policies and the business community.
Dell Technologies on Thursday announced that shareholders have given their approval to the company's plan to change its state of incorporation from Delaware to Texas.
Michael Dell, the founder and CEO of Dell Technologies, announced the results of the shareholder vote, which was overwhelmingly in favor of the move, in a social media platform X.
“Today, with 97% approval, Dell shareholders voted to bring our official home to Texas,” Dell said.
“This is home and where we've lived. Texas has given us the talent, the universities, and the environment to build something that lasts. We're proud to make it official. Let's go,” added Dell.
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Dell Technologies CEO Michael Dell announced the move officially on Thursday. (Diego Donamaria/Getty Images for SXSW)
The company's board of directors approved the proposal in May before a shareholder vote, at which time Dell said, “Texas is where Dell has founded, expanded, and invested for more than four decades, and bringing our official home to Texas reflects what we've been building here all along.”
Dell Technologies has long maintained its corporate headquarters in Texas, as it was founded when Dell was studying at the University of Texas at Austin, and lived in a university dorm room in 1984.
The company built a large facility in the Austin area, including its offices and manufacturing facilities, and in 1994 built a new campus for its corporate headquarters in Round Rock, Texas.
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Dell shareholders voted to move its official home to Texas, where the company is headquartered in Round Rock. (Brandon Bell/Getty Images)
By changing the state in which the company is legally controlled, Dell Technologies will move the venue of future legal disputes with shareholders from the Delaware District Court to the courts in the state of Texas, which is considered a more business-friendly approach to shareholder litigation.
Tesla CEO Elon Musk, who moved Tesla's merger status from Delaware to Texas following a controversial decision by the Delaware Court of Chancery, applauded Dell's action on his social media platform X with a one-word response to Michael Dell's post that simply said, “Texas.”
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| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| DELL | Company DELL TECHNOLOGIES INC. | 389.57 | -19.28 |
-4.72% |
Musk got shareholder approval for the change after a Delaware Court of Chancery judge ruled that his $56 billion payout in January 2024 was nullified, prompting him to warn, “Never incorporate your company in the state of Delaware.”
Tesla shareholders eventually approved the move, while the Delaware Supreme Court overturned the judge's decision in December 2025. Later that month, Tesla shareholders approved a new pay package valued at approximately $1 trillion if performance and financial goals are met.
Elon Musk has moved the state of Tesla and SpaceX installations from Delaware to Texas. (Suzanne Cordeiro/AFP via Getty Images)
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Musk also removed the status of incorporation of some of his businesses in Delaware, the official residence of SpaceX was changed to Texas in February 2024. Several of his other operations have changed their status to Nevada.
