Business, Spoken
Elon Musk Says He's Moving X and SpaceX Headquarters to Texas
Jul 18, 2024
Elon Musk's decision to move X and SpaceX HQ to Texas due to California's laws and taxes, implications on the state's economy and tax revenues
03:44
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Quick takeaways
- Elon Musk relocating Muskrun X and SpaceX HQ due to California's new laws.
- Move signifies Musk's frustration with California regulations and high taxes.
Deep dives
Elon Musk Shifts Business Headquarters to Texas
Elon Musk announced the relocation of Muskrun X and SpaceX headquarters from California to Texas. Citing California's new laws, including those protecting the privacy of transgender children, Musk expressed his discontent and decision to move his businesses to Texas. This move signifies Musk's ongoing frustration with California's regulations and high taxes, with his previous relocation of Tesla's headquarters and Boring Company to Texas.
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