Elon Musk announced on X, formerly Twitter, that he plans to relocate the headquarters of both SpaceX and X to Austin, Texas. This decision comes in response to a new California law regarding transgender rights in schools. The law prohibits school districts from notifying parents about a student’s gender identity change without the student’s consent. Musk said "this is the final straw" in an X post outlining his relocation plans.
Yahoo Finance senior reporter Pras Subramanian breaks down the details, exploring the potential implications for workers at these companies.
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