Current Affairs - Business - Discussion

On July 16, Elon Musk announced that he would relocate the headquarters of his social media platform X and his rocket manufacturer SpaceX from California to Texas. Musk cited a recent California law as a significant factor in his decision, which he described as "the final straw." SpaceX’s headquarters will move from Hawthorne, California, to Boca Chica, Texas, while X will move from San Francisco to Austin, Texas. This move reflects Musk's ongoing dissatisfaction with California's regulations and governance.