Elon Musk Announced That X and SpaceX Will Move Their Headquarters: Here’s The Reason For This Sudden Decision?
July 17, 2024
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Elon Musk, the richest person in the world, heads many American companies from different sectors. social media giant X (formerly Twitter) and space company SpaceX belongs to them.
Elon Musk, the richest person in the world, heads many American companies from different sectors. social media giant X (formerly Twitter) and space company SpaceX belongs to them. Now, an important decision has come from the billionaire entrepreneur regarding these two companies.
Musk, in a statement he made yesterday X and SpaceX moved their headquarters from California to Texas announced that he would wear it. middle of x in San Francisco, SpaceX’s in Hawthorne was located.
Businesses are relocating due to new law passed in California
The famous billionaire did not share any information about when this relocation decision, which will affect many employees, will take place. However, he stated that the city they will be moving to will be Austin, the capital of Texas. It should be noted that Musk’s electric car company Tesla has its headquarters in Austin. Tesla also moved here from California in 2021.
Behind the decision to relocate X and SpaceX is California’s SAFETY Act, signed into law on Monday and LGBTQ Child Protection Actprohibits district teachers from requiring them to notify parents when children change their gender identity. It also prevents teachers from sharing information about students’ sexual orientation with parents.
In his post on X, Musk stated that the law “the last strawHe stated that it was hurting families and businesses. For this reason, he stated that the centers will be relocated.
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