Elon Musk announced on X, formerly known as Twitter, that he will relocate the company’s headquarters from San Francisco. This decision follows a New York Times report about an email from X CEO Linda Yaccarino, informing staff of the move to San Jose and Palo Alto.
Musk cited local laws, particularly those affecting payment processing, as the reason for the move. He noted that companies like Stripe and Block (CashApp) have also left San Francisco for similar reasons.
This announcement comes weeks after Musk revealed plans to relocate both X and SpaceX to Texas, criticising California’s new gender identity law as “the last straw.” The law prohibits schools from requiring staff to inform anyone about a child’s gender identity.
In July, Musk confirmed the move of X and SpaceX offices to Texas, a state with no state-level income tax, where he is also a resident. This follows his 2021 relocation of Tesla’s headquarters to Texas.
Elon Musk acquired Twitter in 2022 for $44 billion, implementing significant changes, including job cuts and reduced content moderation. Despite multiple requests, X did not provide immediate comments on the headquarters move.
