At this point only 2 of the top 8 companies by market cap will be incorporated in Delaware. As Tesla and Meta move, investors in startups will need to be more open to investing in companies formed outside Delaware.

Also new companies stop coming

https://cowboystatedaily.com/2024/12/06/wyoming-overtakes-de...

Meta is one of the biggest companies in the world and responsible for a significant chunk of S&P500 returns.