Elon Musk says he is moving his companies out of California due to the passage of California Bill AB1955 and an anti-business climate.
The billionaire industrialist has an estimated net worth of $221 billion and owns Tesla, SpaceX, xAI, and the X social media platform.
According to the billionaire, the X headquarters will move to Austin, Texas, and the SpaceX headquarters will move to Starbase, Texas.
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