Elon Musk to Move X and SpaceX Headquarters to Texas Amid California Dispute
| Aspect | Details |
|---|---|
| Date of Announcement | July 16, 2023 |
| Person Involved | Elon Musk |
| Businesses Affected | X (social media platform), SpaceX (rocket manufacturer) |
| Current Headquarters | X: San Francisco, California; SpaceX: Hawthorne, California |
| New Headquarters | X: Austin, Texas; SpaceX: Boca Chica, Texas |
| Reason for Move | California law (signed July 13, 2023) barring school districts from requiring parental notification on gender identity changes. Musk called it "the final straw." |
| Previous Moves | Tesla headquarters moved from Palo Alto, California to Austin, Texas in 2020. |
| Criticism of California | Overregulation, slow innovation, crime, drug use, and excessive government intervention. |
| Benefits of Texas | No state income tax or capital gains tax. |
| Political Context | Musk endorsed Donald Trump; Gavin Newsom implied Musk was pandering to Trump. |
| Economic Impact | Limited impact on underlying financials, according to Eric Talley, Columbia Law School professor. |