Economic leaders discuss benefits after Elon Musk announces relocation of his companies to Texas

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Musk already has two companies, Tesla and The Boring Company, headquartered in Texas. Now he plans to move X's headquarters to Central Texas and SpaceX to Starbase.

is planning to relocate two more of his companies to Texas.California"This is the final straw. Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas," Musk wrote on X on July 16.

"Texas government listens to business, and if business deals tells or asks Texas government, 'This is what we need to make these big investments,' Texas government listens, it makes its judgments and it says 'yes or no.

The growth could lead to higher rent and cost of living, but Gawande still believes these are the right moves in terms of prosperity.

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