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Benzinga
  • 2 years ago
Elon Musk announced he will relocate the headquarters of SpaceX and Twitter from California to Texas due to a new law in California preventing schools from disclosing information about a student's gender identity without parental consent. Musk called the new California law "the last straw" and said SpaceX will relocate its headquarters from Hawthorne to Starbase, Texas. SpaceX and Twitter already have large operations in Texas and the move will cement the state's leadership in the space industry.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Elon Musk announced he will relocate the headquarters of SpaceX and Twitter from California to Texas
00:07due to a new law in California preventing schools from disclosing information about
00:12a student's gender identity without parental consent.
00:15Musk called the new California law the last straw and said SpaceX will relocate its headquarters
00:20from Hawthorne to Starbase, Texas.
00:22Both SpaceX and Twitter already have large operations in Texas, and the move will cement
00:27the state's leadership in the space industry.
00:28For all things money, visit Benzinga.com.