Musk’s Legal Fights Boost Longshot Texas Bid to Become Court Hub

A low-slung brick building across the street from a dingy parking garage in Wilmington, Delaware, is a legal address for nearly 300,000 businesses, including Walmart Inc., General Motors Co. and Goldman Sachs Group Inc.

The major draw for those companies — and hundreds of thousands of other corporations, LLCs and LPs incorporated in the tiny state — is a 15-minute walk away: the Delaware Court of Chancery.

It’s the world’s preeminent business court, but it’s now facing an unlikely challenge from Texas where officials are planning to launch their own version next week. Unlike Delaware’s venerable two-century-old commercial court, ...