The world’s richest entrepreneur Elon Musk has decided to leave California. What’s special about it is that the headquarters of SpaceX and the social media platform X will also be moving here. In fact, I have decided to leave this city because of a law made in California. Musk had made this law clear to the Governor of California a year ago.
If this law is passed, businesses and families will be forced to leave this city. Even after that, the city administration approved the law. This decision by Elon Musk can cause a lot of damage to the Californian city. The special thing is that thanks to SpaceX, the Californian city received a lot of help in developing the space economy.
This is the straw that breaks the camel’s back.
Because of this law and many others that preceded it, targeting both families and businesses, SpaceX will now move its headquarters from Hawthorne, California to Starbase, Texas. https://t.co/cpWUDgBWFe
– Elon Musk (@elonmusk) July 16, 2024
Industrialist Elon Musk has announced that he will move the headquarters of SpaceX and social media platform X from California to Texas. On Tuesday, Musk wrote on X (formerly Twitter) that he plans to move SpaceX from Hawthorne, California, to Starbase in Texas. AXE will move from San Francisco to Austin.
Decision made because of this law.
California Governor Gavin Newsom signed a new law on Monday, after which Musk made this decision. This new law prohibits school district employees from requiring children to inform their parents about their gender identity change. Musk wrote that about a year ago I made it clear to Governor Newsom that these types of laws would force businesses and families to leave California for the safety of their children.
About a year ago, I made it clear to Governor Newsom that laws of this nature would force families and businesses to leave California to protect their children.
– Elon Musk (@elonmusk) July 16, 2024
The corporate headquarters of the carmaker Tesla also moved from Palo Alto, California, to Austin in 2021. Musk is the chief executive officer (CEO) of Tesla. The industrialist said he has also moved his residence from California to Texas, where there is no state personal income tax.
the richest businessman in the world
Elon Musk is currently the richest entrepreneur in the world. According to data from the Bloomberg Billionaires Index, Elon Musk has a total wealth of $270 billion. Thanks to Tuesday’s stock surge, Musk’s wealth increased by $2.8 billion. So far this year, Elon Musk’s net worth has increased by $40.5 billion. In about three months, Elon Musk’s wealth has increased by more than $100 billion. On April 22, Elon Musk’s total net worth was $164 billion. Which currently stands at $170 billion.
