News broke out Tuesday that Elon Musk was moving the headquarters of X away from San Francisco. The CEO of Tesla and SpaceX tweeted that he had no choice as operating in the West Coast city became "impossible." Musk announced last month that he was moving the headquarters of his aerospace company and the social media platform X, known until Oct. 28 as Twitter, out of California. The company, founded in 2006, has been based in San Francisco.
"Bankrupt and facing an existential threat to the company, we had no choice. It's impossible to operate in San Francisco if you're doing payments," Musk posted on X. "This is why companies like Stripe and Block (CashApp) had to leave," he wrote.
X chief executive officer Linda Yaccarino has reportedly informed employees in an email that the company is leaving the San Francisco office.
The move follows weeks after California Governor Gavin Newsom signed a law that prohibited schools from requiring employees to inform parents when their children express feelings or desires to use the name or pronouns that differ from those indicated on their birth certificates.
Musk said last month the law was the final straw in a long series of what he considers an attack on both families and businesses. Musk also announced that SpaceX would be relocating its headquarters from Hawthorne, California, to Starbase, a SpaceX complex and launch site near Brownsville, Texas.
"Authorities keep promising improvement, then things only get worse. California crime is out of control," Musk said.
He has already relocated Tesla's headquarters from California to Texas.
"I've had enough of dodging violent gangs of drug addicts just to get in and out of the building," said the tech billionaire.
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