Last updated on August 27th, 2024 at 05:25 pm
Elon Musk has ordered his company to move its headquarters from California to Texas. In a tweet, the billionaire CEO announced Tuesday that his social media venture, which has the working name “X,” and his rocket company, SpaceX, will be leaving California, a new gender-identity law, which he termed the latest domino.
Though Musk had already transferred his personal residence from California to Texas this year, a state that does not have an individual state income tax, he said the new California law, which bars school districts from requiring a child to notify parents about changes in gender identity and sexual orientation, includes it in the causation mix.
“Because of this and many prior such laws, that attack both families and companies,” Musk tweeted to X, formerly Twitter, which he acquired in 2022. Musk, who has a transgender daughter, has become more outspoken about his political leanings and frequently uses his social media platforms to criticize the Biden administration and Democratic policies on things like transgender rights and immigration.
While California has been aforementioned as more so Democratic, Texas is pretty widely regarded as a Republican state. And, in Musk’s last few tweets, he also declared: “SpaceX’s new Starship Central build and design headquarters will be located in the official property near Boca Chica TX.,” and “X cutting edge technologies will also be based in Austin TX”. The number of jobs and facilities that would be relocated from California to Texas is not yet determined at the moment.
SpaceX currently operates a massive headquarters near Los Angeles in a major aerospace hub with thousands of workers building the company’s Falcon 9 rockets, Dragon astronaut capsules, and some Starshield satellites. Musk moved Tesla’s headquarters from California to Texas in 2021 but said last year that California would remain its engineering hub.
Musk earlier this year relocated SpaceX’s incorporation from Delaware to Texas, following a Delaware Chancery Court judge’s ruling to invalidates Musk’s $56 billion compensation package at electric vehicle maker Tesla.
