In recent months, Elon Musk has been under considerable pressure from both the European Commission and his shareholders, exacerbated by a noticeable decline in Tesla sales. Now, Musk has made a critical decision regarding SpaceX and the platform formerly known as Twitter, now X. Here are the details of Musk’s decision…
Elon Musk Decides to Move Headquarters of Twitter (X) and SpaceX
The renowned entrepreneur Elon Musk announced that he will relocate the headquarters of his two major companies from California to Texas. The headquarters of the massive rocket company SpaceX and the social media platform X will move in response to a new law in California.
Recently, Musk has taken a more active role in US politics, officially endorsing Donald Trump for president. However, Musk denied the Wall Street Journal’s claim that he would contribute $45 million per month to the Trump campaign, stating that the reports were inaccurate.
While announcing the decision to move X from San Francisco to Austin, Musk also addressed security issues in the city. California Governor Gavin Newsom criticized Musk’s decision, highlighting the potential economic problems this move could cause for the region.
States often compete to attract company headquarters, and Musk’s decision positions Texas as a leader in space research. Representatives from SpaceX and X have yet to comment on how the move will impact the workforce in California.
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