Elon Musk ditches California for Texas with SpaceX, X HQ shift
Tech billionaire plans to relocate his residence also from California to Texas in a move, widely interpreted as a strategic manoeuvre amidst Texas' reputation for its lack of state personal income tax — a contrast to California's higher tax rates.
![Musk, who recently endorsed Donald Trump for US president, is moving most of his operations to Texas. / Photo: Reuters Musk, who recently endorsed Donald Trump for US president, is moving most of his operations to Texas. / Photo: Reuters](https://images-cdn.trtworld.com/trtworld/w664/h374/q70/20388605_0-0-6781-3819.jpeg)
Musk, who recently endorsed Donald Trump for US president, is moving most of his operations to Texas. / Photo: Reuters
Billionaire Elon Musk says he's moving the headquarters of SpaceX and social media company X from California to Texas.
Musk posted on X Tuesday that he plans on moving SpaceX from Hawthorne, California to the company's rocket launch site dubbed Starbase in Texas. X will move to Austin from San Francisco.
He called a new law signed Monday by California Gov. Gavin Newsom that bars school districts from requiring staff to notify parents of their child’s gender identification change the "final straw."
"I did make it clear to Governor Newsom about a year ago that laws of this nature would force families and companies to leave California to protect their children," Musk wrote.
And 𝕏 HQ will move to Austin https://t.co/LUDfLEsztj
— Elon Musk (@elonmusk) July 16, 2024
Tesla, where Musk is CEO, moved its corporate headquarters to Austin from Palo Alto, California in 2021.
Musk has also said that he has moved his residence from California to Texas, where there is no state personal income tax.
SpaceX builds and launches its massive Starship rockets from the southern tip of Texas at Boca Chica Beach, near the Mexican border at a site called Starbase.
The company’s smaller Falcon 9 rockets take off from Cape Canaveral, Florida, and Southern California.
It’s just below South Padre Island, and about 20 miles from Brownsville.
According to the Wall Street Journal, Musk has said he plans to commit around $45 million a month to a new super political-action committee backing former president Donald Trump’s presidential run.