Elon Musk said on Tuesday he is moving the headquarters of two 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.”
He transferred SpaceX’s incorporation from Delaware to Texas earlier this year. This followed a Delaware judge’s decision invalidating Musk’s $56-billion compensation plan at electric vehicle maker TeslaIn 2021, Musk moved Tesla’s headquarters to Texas as well but said last year that California would remain its engineering hub.
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