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.
Walt Disney is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in the company's marketing department, the Wall Street Journal reported on Wednesday, citing sources.
The UAE’s Minister of Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, has chaired a high-level coordination meeting in Dubai, bringing together global shipping leaders and maritime industry representatives to tackle ongoing challenges affecting regional supply chains.
Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of Bahrain (CBB) have announced the establishment of a currency swap agreement with a nominal value of AED 20 billion (BHD 2 billion) and a tenor of five years.
Shareholders in Abu Dhabi-listed Borouge approved a $1.32 billion dividend for 2025 on Tuesday, as the petrochemicals company reported strong financial performance.
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