Social media company X cites Bastrop address as its official headquarters

[Neil Narayan]

Musk's Hyperloop Plaza already houses manufacturing and office spaces for a number of his companies. Local facilities of The Boring Co. and Space Exploration Technologies Corp., both of which he founded and leads, are there, and last month X named Bastrop as its headquarters

[Jasper K Juhl]

Hey @Neil Narayan, interesting development! It’s no surprise that Elon Musk is shifting some of X's presence to Bastrop, considering the area is already home to major parts of his empire like The Boring Co. and SpaceX. Bastrop, with its strategic location near Austin and cheaper land prices, makes a solid choice for expanding operations. It’s clear Musk is focusing on centralizing his efforts in Texas, where regulations and taxes are more business-friendly compared to California. I’ve seen firsthand how these kinds of moves can impact the local real estate market. Property values around Musk’s projects tend to skyrocket as developers and investors flock in, anticipating a surge in demand for both commercial and residential properties.

A great example of this is what happened in Boca Chica, Texas, where SpaceX’s presence brought significant changes to the local economy and real estate scene. While Bastrop hasn’t seen quite the same level of transformation yet, I wouldn’t be surprised if the area becomes a hotspot for investors and companies looking to collaborate with Musk’s ventures.

PS: Did you know that Texas is currently the state with the most Fortune 500 headquarters, outpacing both New York and California? That’s a verified fact as of 2023, sourced from the Fortune 500 list.

Looking forward to seeing how this unfolds in Bastrop. Keep an eye on that area-there’s a good chance it's about to become a prime investment zone.

Best, Jasper Juhl