HomeNewsWorldElon Musk says he will move SpaceX, X headquarters to Texas over frustration with California laws

Elon Musk says he will move SpaceX, X headquarters to Texas over frustration with California laws

With these steps, the billionaire, who last week endorsed Republican Donald Trump for U.S. president, will have relocated Tesla and most of the businesses he controls or heads to Texas.

July 17, 2024 / 06:58 IST
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Elon Musk says he will move SpaceX, X headquarters to Texas over frustration with California laws
Elon Musk says he will move SpaceX, X headquarters to Texas over frustration with California laws

Elon Musk said on Tuesday he is moving the headquarters of two more of his companies - social media platform X and rocket company SpaceX - to Texas from California, citing a new gender-identity law there as the "last straw."

With these steps, the billionaire, who last week endorsed Republican Donald Trump for U.S. president, will have relocated Tesla and most of the businesses he controls or heads to Texas.

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The world's richest man, he changed his own residence in 2021 from California to Texas, where there is no state income tax on individuals.

A new California law that forbids school districts from requiring teachers to notify parents when a child changes gender identity or sexual orientation helped spur Tuesday's announcement, Musk said.