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.
Under the patronage of His Highness Sheikh Zayed bin Nahyan bin Zayed Al Nahyan, the Abu Dhabi Global Entrepreneurship Festival 2026 will be held from April 20-22 at the Abu Dhabi Energy Centre, bringing together entrepreneurs, investors, experts, decision-makers and businesswomen.
Officials overseeing Dubai’s tourism and key economic sectors have said that the business support measures announced earlier this week will bolster resilience, help companies navigate short-term challenges and support sustained growth.
President Donald Trump signed an executive order on Thursday imposing 100 per cent tariffs on branded pharmaceuticals imported into the US unless manufacturers agree to government drug pricing deals or commit to making their products domestically.
Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fuelled fears of global inflation in recent weeks.
The World Trade Organisation will play only a limited role in global trade policy after a failed ministerial meeting in Cameroon, US Trade Representative Jamieson Greer said on Monday, vowing to seek alternative arrangements with like-minded countries.
UAE air defences detected and successfully intercepted 23 ballistic missiles and 56 drones launched from Iran on Saturday, the Ministry of Defence confirmed.
The United Arab Emirates, on Saturday, expressed its condemnation and denunciation of the riots, attempted vandalism, and attacks targeting its embassy and the residence of its Head of Mission in the Syrian capital, Damascus.
Authorities have responded to a "minor incident" caused by debris from a drone interception that fell on the facade of the Oracle building in Dubai Internet City on Saturday morning.