Questions on Musk and SpaceX after Texas blue wave
The gist
A Democratic blue wave swept Texas, and SpaceX shares fell 3.8% in premarket trading while Tesla dropped 3.6%.
Musk's empire is centered in Texas, so its new leaders matter.
How it unfolded
- 2020Musk personally moved to Texas, outside Austin, after public disputes with California authorities during the COVID-19 pandemic.
- 2024Tesla and SpaceX reincorporated in Texas.
- Jul 2024Musk announced SpaceX would move its headquarters from Hawthorne, California, to Starbase, Texas, citing California's regulatory and political environment.