Elon Musk plans to move to Texas

[Neil Narayan]

CNBC, working off anonymous sources, reported Dec. 4 that the billionaire who also runs SpaceX and The Boring Company has put his California houses on the market this year and he has told close friends and associates that he intends to move to Texas.

Noting that Musk is the world’s second-wealthiest person behind Amazon’s Jeff Bezos, CNBC reports that Musk “spends most of his time between Austin, where Tesla and his tunnel start-up Boring Company have operations, and a coastal village called Boca Chica, home to a SpaceX facility."

SpaceX has been operating in Texas since 2003. Earlier this year, Tesla opted to build a massive car factory just east of Austin. Tesla has said it plans to create at least 5,000 jobs in Austin, although experts suggest the final figure could be significantly higher. And late this year, The Boring Company started posting jobs in Austin.

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