Elon Musk said on social media platform X on Thursday that the SpaceX headquarters will now officially be in the city of Starbase, Texas.
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 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.
More than 1,600 energy suppliers from around the world have gathered for a three-day showcase of the latest innovations and technologies at Middle East Energy 2025, running until April 9 at the Dubai World Trade Centre.
Abu Dhabi Customs has reported a 9 per cent increase in the emirate’s non-oil foreign trade in 2024, reaching AED 306 billion, up from AED 281.9 billion in 2023.
Futures tied to the S&P 500 index slumped further on Monday and were down more than 20 per cent from their all-time highs, putting the most closely followed benchmark for US equities on track to confirm a bear market.
The UAE's tourism sector generated AED 45 billion in revenue in 2024, a three per cent year-on-year growth, according to Minister of Economy and Chairman of the Emirates Tourism Council, Abdulla bin Touq Al Marri.
Britain softened demands on automakers to switch to production of electric vehicles on Monday, seeking to alleviate pressure on an industry left reeling from US President Donald Trump's tariffs.