(Reuters) - Bill Ackman, the owner of investment firm Pershing Square, said on Saturday that he is reincorporating his management company in Nevada.

"We are reincorporating our management company in Nevada...," the billionaire investor said in response to a post on X, adding that top law firms are recommending Nevada and Texas over Delaware.

Pershing Square did not immediately respond to a Reuters request for comment outside business hours.

Last year, Elon Musk moved Tesla and SpaceX's incorporation to Texas and shifted Neuralink's incorporation to Nevada. Musk's move to exit Delaware came after a court in the state ordered him to give up his $56 billion compensation package.