Posted 04-15-2026 at 16:01:49 [URL] [DELETE]
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That giant sucking sound? It's coming from Delaware!
Delaware Loses Over $3 Trillion as Companies Flee to Texas, Other States A tsunami of corporate departures continues to hit Delaware as more than 60 public companies with a combined market cap of over $3 trillion have quit the state in the past two years alone. In just the past week, two significant public companies with a market cap of close to $15 billion — FirstCash Holdings and GPGI Inc. — have announced plans to leave Delaware, underscoring what many analysts now describe as a corporate exodus. Special: Rob Schmitt, Carl Higbie, Greta, Finnerty – and More! Discover Everything New on Newsmax+ These announcements are part of a much larger trend as companies may capsize the tiny, ultra-liberal state that had been known for proudly backing its senator Joe Biden for president, and declared itself among the biggest proponents of diversity, equity, and inclusion programs. Among those leaving are some of the most recognizable names in corporate America, including Tesla, SpaceX, Coinbase, Roblox, Dropbox, Dillard's, and Simon Property Group. Perhaps most telling is not just the companies leaving Delaware, but those choosing to bypass it altogether. In March, Exxon Mobil — one of the largest publicly traded companies in the world, with a market cap of more than $600 billion — announced plans to move its incorporation from New Jersey to Texas, snubbing Delaware.
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