Elon Musk has officially announced the shutdown of X's headquarters in San Francisco, citing difficulties in processing payments in the city. A memo from CEO Linda Yaccarino confirms that the Market Square office will close in the coming weeks, with existing offices in San Jose and Palo Alto remaining open to receive transferred employees. X, formerly known as Twitter, has operated from Market Square since 2012. Citing similar challenges faced by companies like Stripe and Block, Musk emphasized the necessity of relocation. Additionally, Musk revealed plans to move both X and SpaceX to Texas, influenced by local violence and a new California law impacting LGBTQ+ youth in schools. Tesla, another Musk-led company, has been based in Texas since 2021.
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