Elon Musk announced on X.com that he will be moving the headquarters of both X.com and SpaceX from California to Texas citing a recently signed law in California that bars schools from requiring staff to tell parents if their child is identifying as another gender. SpaceX is already incorporated in Texas.
Yahoo Finance Anchors Josh Lipton and Julie Hyman break down the latest development from Musk.
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This post was written by Nicholas Jacobino
Video Transcript
Big moves for Elon Musk, the billionaire, announcing on X that he plans to move the headquarters of both the Social Media Network and X, that is, and SpaceX to Texas from California.
Musk saying that X will move to Austin while SpaceX will now be based in Star Base, Texas, in his posts.
Musk citing crime rates and recent California laws for the move.
It’s unclear, particularly in the case of SpaceX, which has big operations in California, whether he’s just gonna re dole it and still have operations there, or also move most of his workers there.
That’s not clear.
Yeah, so Ellen has been in the news a lot.
So we got going all in on Texas, all in on Trump.
You saw that journal headline he’s coming around.
Uh, what was it?
45 million a month, this new pro trump Super Pac, although we should note he then Elon Musk posted a meme kind of shooting that down, right?
Exactly.
But regardless, this is so sort of all of a piece with what he has been doing as as of late, right?
Also, um, is redic Tesla, right?
And, um, even though it’s registered in Delaware.
He’s talking about now re registering that in Texas.
So this is a trend that we have seen.
Um, so we’ll see how quickly it does it.
And, uh, what shareholders have to say about it.
Although space X next.
That’s not relevant, I guess.
All the gold getting lifted to a record.
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