Elon Musk says he’ll transfer X and Area X headquarters to Texas in response to California gender regulation
What simply occurred? Elon Musk says he’ll transfer the headquarters of two of his corporations, former Twitter platform X and SpaceX, from California to Texas in response to the previous’s new gender id regulation, which the billionaire referred to as the “final straw.” Musk stated the regulation and others prefer it assault each “households and firms.”
In a submit on X yesterday, Musk wrote that Area X can be shifting its HQ from Hawthorne, California, to an current facility in Boca Chica, Texas. The X HQ, in the meantime, can be shifting from San Francisco to Austin.
California Governor Gavin Newsom signed a invoice into regulation on Monday that forbids any college insurance policies requiring dad and mom to be notified if their youngster needs to vary pronouns/sexual id or identifies as transgender. A number of college districts within the state had already launched the principles.
I did make it clear to Governor Newsom a few 12 months in the past that legal guidelines of this nature would drive households and firms to go away California to guard their youngsters
– Elon Musk (@elonmusk) July 16, 2024
“The state will take away your youngsters in California,” Musk added in a follow-up X submit.
Musk wrote that he’d instructed Governor Newsom a few 12 months in the past that legal guidelines of this nature would drive households and firms to go away California to guard their youngsters.
Whereas Musk stated the brand new regulation was the principle motive why he was shifting his corporations’ headquarters, the CEO additionally talked about that, in terms of X’s present San Francisco HQ, he’d “had sufficient of dodging gangs of violent drug addicts simply to get out and in of the constructing.” Musk’s announcement follows earlier reports that he was contemplating shifting X’s headquarters earlier than the invoice was signed this week.
SpaceX and X make use of 1000’s of individuals in California. Musk by no means talked about what number of positions could be transferred to Texas.
Newsom responded to Musk’s determination together with his personal message on X: a screenshot of a 2022 Donald Trump submit through which the previous president mocked Musk, saying the billionaire would have dropped to his knees if Trump had requested. “You bent the knee,” Newsom wrote.
You bent the knee. pic.twitter.com/5CNAWvZFSv
– Gavin Newsom (@GavinNewsom) July 16, 2024
In 2021, Musk himself moved from California to Texas, the place there isn’t a state revenue tax on people. He moved Tesla’s headquarters from California to Texas that very same 12 months, however later confirmed that California would stay its engineering hub.
In February, Musk changed SpaceX’s state of incorporation from Delaware to Texas after a choose in Delaware voided his $56 billion Tesla compensation bundle.
