The SLD 45 BlueBird Block 1-5 Mission lifts off on a SpaceX Falcon 9 rocket from Space Launch Complex 40 in the Cape Canaveral Space Force Station in Florida, USA, 12 September 2024. BlueBird Block 1-5 mission will launch the first five commercial satellites, called BlueBirds, in AST SpaceMobile's cellphone-compatible broadband constellation. Each of these satellites feature the largest ever commercial communications arrays to be deployed in low Earth orbit. EPA-EFE/CRISTOBAL HERRERA-ULASHKEVICH In July, Musk said he was moving the headquarters of two of his companies - social media platform X and rocket company SpaceX - to Texas from California, citing a new gender identity law there as the "last straw."
The billionaire previously said SpaceX's main office would move to an existing facility in Boca Chica, Texas, while X would move to Austin. However, the extent to which jobs or facilities in California will transfer to Texas was unclear.
He also transferred SpaceX’s incorporation from Delaware to Texas earlier this year. This followed the shareholder vote held by Musk to move Tesla's TSLA.O state of incorporation to Texas, where it has its headquarters, after a Delaware judge invalidated his $56-billion pay package.
In 2021, Musk moved Tesla's headquarters from California to Texas as well but said that California would remain its engineering hub.
Musk changed his own residence in 2021 from California to Texas, where there is no state income tax on individuals.
(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Janane Venkatraman)