Business
Elon Musk says he's moving SpaceX and X headquarters from California to Texas
Elon Musk said Tuesday on X that he is moving the headquarters of both SpaceX and the social media platform formerly known as Twitter to Texas — citing several criticisms he has of California and doing business in San Francisco.
Pointing to a new state law that bans teachers from telling families about student gender identity changes, Musk tweeted that he is moving the headquarters of SpaceX from Hawthorne to the company’s launch test site in Texas.
The move would be a blow to Southern California, where SpaceX has helped to anchor a burgeoning space economy.
“This is the final straw,” Musk posted shortly after noon. “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.”
The law the SpaceX founder cited was signed by Gov. Gavin Newsom on Monday after a contentious battle between conservative school boards concerned about parental rights and LGBTQ+ activists worried about vulnerable youths.
Later Tuesday, Newsom retweeted an older Donald Trump post on X about Musk with the comment: “You bent the knee.”
Trump’s tweet talked about how Musk came to the White House seeking help for all his “subsidized projects, whether it’s electric cars that don’t drive long enough, driverless cars that crash, or rocketships to nowhere… I could have said, ‘drop to your knees and beg,’ and he would have done it.”
Shortly after his post about moving SpaceX, Musk posted that he would also move X, formerly known as Twitter, from San Francisco to Austin, saying that he has “had enough of dodging gangs of violent drug addicts just to get in and out of the building.”
Since acquiring Twitter in 2022 in a $44-billion deal, Musk has made sweeping and controversial changes to the social media site, firing top executives and laying off thousands of employees.
The announcement is the latest salvo in Musk’s long-running feud with California and comes nearly three years after he announced the move of Tesla’s headquarters to Austin from Palo Alto, citing the high cost of housing and long commutes for employees. The electric vehicle company maintains a manufacturing operation in Fremont.
It comes amid the highly charged presidential campaign during which the libertarian Musk has increasingly moved to the right. The Wall Street Journal reported Tuesday that the billionaire plans to give $45 million a month to a new pro-Trump super PAC called America PAC.
Musk has an estimated net worth of $254 billion, making him the world’s wealthiest person, according to Forbes. His announcements drew immediate applause from Republicans. GOP Texas Sen. Ted Cruz posted: “Let freedom ring!”
California Assembly Republican Leader James Gallagher, who voted against the parental notification law, issued a statement that “Gavin Newsom’s anti-parent agenda isn’t just bad for families — now it’s doing serious damage to California’s economy.”
Musk also drew a comment from the other side of the political spectrum, with Democratic state Sen. Scott Wiener, who represents San Francisco, posting that Musk hugely benefited from California subsidies. “Will this be a fake temper tantrum move just like Tesla’s fake ‘move’ to Texas?”
In an interview, Wiener said, “I’m not confident that whatever he’s going to do has anything to do with a law that we passed to protect the safety of trans kids.” He added, “He has a history of saying one thing and it not being true.”
Newsom declined to comment on Musk’s announcements.
Musk, who announced in 2020 that he had moved from Los Angeles to Texas, has previously complained about crime in San Francisco. Last year, he said in a post that a friend had experienced two shootings outside his apartment in the city, with a bullet going through his wall.
In posting he would move SpaceX’s headquarters, it was unclear whether Musk was referring just to the company’s executive offices or also production and other employees.
Founded in 2002, SpaceX has deep ties to Los Angeles. In 2007, it moved into a former Northrop Corp. facility off Crenshaw Boulevard that it rapidly expanded last decade.
The sprawling Hawthorne campus is the location of the company’s mission control center and employs thousands of workers who design and build the company’s spacecraft, including the workhorse Falcon 9. SpaceX’s Dragon capsule, made to service the International Space Station, also was built there under a $2.6-billion contract with NASA.
Other facilities in Southern California include one at Vandenberg Space Force Base near Lompoc, where it wants to expand operations. SpaceX is seeking approval to launch 90 rockets from the Santa Barbara County launch site by 2026.
The company also conducts rocket launches in Florida and from Starbase, a site in Boca Chica, Texas, off the Gulf of Mexico. That is where it is building and has launched its massive Starship rocket, which SpaceX intends to send to the moon.
SpaceX has recently suffered some setbacks.
Last week, the Federal Aviation Administration grounded the company’s Falcon 9 rocket after its second stage failed to boost a payload of the company’s Starlink internet satellites into orbit during an uncrewed mission.
And last month, SpaceX and Musk were sued by eight former employees who allege that they were fired after asking the company to address a toxic work culture they say is rife with sexual harassment and discrimination. The company has declined to respond to the claims.
Last year, the Justice Department sued the company, alleging that it discriminated against employees and refugees by discouraging them from applying for jobs and by refusing to consider or hire them because of their citizenship status.
Times staff writer Caroline Petrow-Cohen contributed to this report.
Business
Disneyland Resort President Thomas Mazloum named parks chief
Disneyland Resort President Thomas Mazloum has been named chairman of Walt Disney Co.’s experiences division, the company said Tuesday.
Mazloum succeeds soon-to-be Disney Chief Executive Josh D’Amaro as the head of the Mouse House’s vital parks portfolio, which has become the economic engine for the Burbank media and entertainment giant. His purview includes Disney’s theme parks, famed Imagineering division, merchandise, cruise line, as well as the Aulani resort and spa in Hawaii.
Jill Estorino will become the head of Disneyland Resort in Anaheim. She previously served as president and managing director of Disney Parks International and oversaw the company’s theme parks and resorts in Europe and Asia.
Estorino and Mazloum will assume their new roles on March 18, the same day as D’Amaro and incoming Disney President and Chief Creative Officer Dana Walden.
“Thomas Mazloum is an exceptional leader with a genuine appreciation for our cast members and a proven track record of delivering growth,” D’Amaro said in a statement. “His focus on service excellence, broad international leadership and strong connection to the creativity that brings our stories to life make him the right leader to guide Disney Experiences into its next chapter.”
Mazloum had been about a year into his tenure at Disneyland. Before that, he was head of Disney Signature Experiences, which includes the cruise line. He was trained in hospitality in Europe.
In his time at Disneyland, Mazloum oversaw the park’s 70th anniversary celebration and recently pledged to eliminate time limitations for park-hopping, which are designed to manage foot traffic at Disneyland and California Adventure.
Mazloum will now oversee a 10-year, $60-billion investment plan for Disney’s overall experiences business, which includes new themed lands in Disneyland Resort and Walt Disney World. At Disneyland, that expansion could result in at least $1.9 billion of development.
The size of that investment indicates how important the parks are to Disney’s bottom line. Last year, the experiences business brought in nearly 57% of the company’s operating income. Maintaining that momentum, as well as fending off competitors such as Universal Studios, is key to Disney’s continued growth.
In his new role, Mazloum will have to keep an eye on “international visitation headwinds” at its U.S.-based parks, which the company has said probably will factor into its earnings for its fiscal second quarter. At Disneyland Resort, that dip was mitigated by the park’s high percentage of California-based visitors.
Times staff writer Todd Martens contributed to this report.
Business
What soaring gas prices mean for California’s EV market
It has been a bumpy road for the electric vehicle market as declining federal support and plateauing public interest have eaten away at sales.
But EV sellers could soon receive a boost from an unexpected source: The war in Iran is pushing up gas prices.
As Americans look to save money at the pump, more will consider switching to an electric or hybrid vehicle. Average gas prices in the U.S. have risen nearly 17% since Feb. 28 to reach $3.48 per gallon. In California, the average is $5.20 per gallon.
Electric vehicles are pricier than gasoline-powered cars and charging them isn’t cheap with current electricity prices, but sky-high gas prices can tip the scales for consumers deciding which kind of vehicle to buy next.
“We probably will see an uptick in EV adoption and particularly hybrid adoption” if gas prices stay high, said Sam Abuelsamid, an auto analyst at Telemetry Agency. “The last time we had oil prices top $100 per barrel was early 2022 and that’s when we saw EV sales really start to pick up in the U.S.”
In a 2022 AAA survey, 77% of respondents said saving money on gas was their primary motivator for purchasing an electric vehicle. That year, 25% of survey respondents said they were likely or very likely to purchase an EV.
As oil prices cooled, the number fell to16% in 2025.
In California, annual sales of new light-duty zero-emission vehicles jumped 43% in 2022, according to the state’s Energy Commission. The market share of zero-emission vehicles among all light-duty vehicles sold rose from 12% in 2021 to 19% in 2022.
“Prior to 2022, we didn’t really have EVs available when we had oil price shocks,” Abuelsamid said. “But every time we did, it coincided with a move toward more fuel-efficient vehicles.”
Dealers are anticipating a windfall.
Brian Maas, president of the California New Car Dealers Assn., predicted enthusiasm for EVs will rebound across California if oil prices don’t come down.
“If prior gasoline price spikes are any indication, you tend to see interest in more fuel-efficient vehicles,” he said.
Rising gas prices could be a lifeline for EV makers at a time when federal support for green cars has been declining.
Under President Trump, a federal $7,500 tax incentive for new electric vehicles was eliminated in September, along with a $4,000 incentive for used electric vehicles.
In California, the zero-emission vehicle share of the total new-vehicle market was 22% through the first 10 months of 2025, then dropped sharply to 12% in the last two months of the year, according to the California Auto Outlook.
Meanwhile Tesla, the most popular EV brand in the country, has grappled with an implosion of its reputation with some consumers after its chief executive, Elon Musk, became one of Trump’s most vocal supporters and helped run the controversial Department of Government Efficiency.
Over the last several months, Ford, General Motors and Stellantis have pared back EV ambitions.
Other automakers, including Nissan, announced plans to stop producing their more affordable electric models.
The Trump administration has moved to roll back federal fuel economy standards and revoked California’s permission to implement a ban on new gas-powered car sales by 2035.
David Reichmuth, a researcher with the Clean Transportation program in the Union of Concerned Scientists, said the shift in production plans will affect EV availability, even if demand surges.
That could keep people from switching to cleaner vehicles regardless of higher gas prices.
“This is a transition that we need to make for both public health and to try to slow the damage from global warming, whether or not the price of gasoline is $3 or $5 or $6 a gallon,” he said.
According to Cox Automotive, new EV sales nationally were down 41% in November from a year earlier. Used EV sales were down 14% year over year that month.
To be sure, oil prices can fluctuate wildly in times of uncertainty. It will take time for consumers to decide on new purchases.
Brian Kim, who manages used car sales at Ford of Downtown LA, said he has yet to see a jump in the number of people interested in EVs, hybrids or more fuel-efficient gas-powered engines.
Still, if the price at the pump stays stuck above its current level, it could happen soon.
“Once the gas prices hit six [dollars per gallon] or more and people feel it in their pocket, maybe things will start to change,” he said.
Business
Nearly 60 gigawatts of U.S. clean power stalled, trade group finds
A total of 59 gigawatts of U.S. clean energy projects are facing delays at a time when demand for power from AI data centers is surging, according to a trade group study.
Developers are seeing an average delay of 19 months over issues such as long interconnection times, supply constraints and regulatory barriers, the American Clean Power Assn. said in a quarterly market report.
The backlog is happening despite the growing need for power on grids that are being taxed by energy-hungry data centers and increased manufacturing. The Trump administration has implemented a slew of policies to slow the build-out of solar and wind projects, including delaying approvals on federal lands.
The potential energy generation facing delays is the equivalent of 59 traditional nuclear reactors, enough to power more than 44 million homes simultaneously.
“Current policy instability is beginning to impact investor confidence and negatively impact project timelines at a time when demand is surging,” American Clean Power Chief Policy Officer JC Sandberg said in a statement.
Despite the hurdles, developers were able to bring more than 50 gigawatts of wind, solar and batteries online in 2025, accounting for more than 90% of all new power capacity in the U.S., the report found. Clean power purchase agreements declined 36% in 2025 compared with 2024, signaling that the build-out of clean power in the U.S. could be lower in the 2028 to 2030 time period, according to the report.
Chediak writes for Bloomberg.
-
Wisconsin1 week agoSetting sail on iceboats across a frozen lake in Wisconsin
-
Massachusetts1 week agoMassachusetts man awaits word from family in Iran after attacks
-
Pennsylvania6 days agoPa. man found guilty of raping teen girl who he took to Mexico
-
Detroit, MI5 days agoU.S. Postal Service could run out of money within a year
-
Miami, FL6 days agoCity of Miami celebrates reopening of Flagler Street as part of beautification project
-
Sports6 days agoKeith Olbermann under fire for calling Lou Holtz a ‘scumbag’ after legendary coach’s death
-
Virginia7 days agoGiants will hold 2026 training camp in West Virginia
-
Culture1 week agoTry This Quiz on the Real Locations in These Magical and Mysterious Novels