On July 16 2024, Elon Musk shouted from the proverbial rooftops that he will move SpaceX out of California to Boca Chica, Texas. By his own admission, he is not moving only for corporate advantage, value, or profitability, but also for politics. (He is also moving X, aka Twitter, from San Francisco to Austin, likewise for political reasons; he originally bought Twitter for ideological reasons.)
Ironically, Musk's announcement came the day after another Musk company, Tesla, reversed a large number of recent California layoffs in Fremont, CA. Likewise, only two years after moving Tesla's management to Texas with great fanfare, he brought the global engineering team back to Palo Alto, CA.
While Elon Musk's resources may permit him to do whatever he wants, I suspect the SpaceX story will end up looking a lot like Tesla's. If so, in a few years, SpaceX management might in a few years be right back where they started.
No comments:
Post a Comment