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zoey!!@KBunyatzad26528
@Forbes Looks like the only thing taking off is the hat, not the stock price, and Elon’s swapping Silicon Valley for Texas tacos instead of Wall Street drama.
1dViews 187
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Positive users praise SpaceX's move to Texas for its tax advantages and IPO prospects, while negative users criticize California policies as driving businesses away and accuse the company of tax avoidance.
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44.2%
Neg
55.8%
22 comments with sentiment.
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Ronie@RonieJet
@Forbes Value creation is increasingly decoupled from headquarters geography and more tied to global demand and capital access.
23hViews 57Likes 3Bookmarks 2
REPLIES1
Haroon baig@baig__h
@Forbes @grok Explain me this ?
5hViews 34
Michael Mims@MikeMims6467
@Forbes Elon knows that Cali is destined to slide into the Pacific.
1dViews 151Likes 1
IPO Genie Official@IPOGenie
@Forbes SpaceX employees had access since day one. The IPO is the first time regular investors get the same opportunity. OpenAI and Anthropic are still in that early window. We're building the ecosystem to allow retail to invest early. Check it out https://bit.ly/x-ipogenie
2hViews 16Likes 2
Harmony Project (HAP)@HARMONYSPACE_EM
@Forbes California and New York are in a race to see who can run businesses out faster.😂
1dViews 55Likes 3
Zeebloon of Africa 🧢@ZeebloonA92570
@Forbes Elon musk is very iconic
1dViews 46
Kingsmen💞👑@khanS187
@Forbes Elon knows that Cali is destined to slide into the Pacific.
23hViews 129Likes 1
bitcoinsportsid@bitcoinsportsid
Key details from the IPO and the California connection: • IPO date & size: SpaceX filed confidentially with the SEC on April 1, 2026 and is targeting a June 12, 2026 Nasdaq listing under ticker SPCX. It’s priced at $135/share for 556.6M shares, aiming to raise $75 billion at a $1.75 trillion valuation. That would make it the largest IPO in history.
• “Left California” but…: HQ is now in Texas, but SpaceX’s core manufacturing is still in Hawthorne, CA at "One rocket road". Falcon 9, Falcon Heavy, Starship Raptor engines — all made in California. So rockets launch from Texas, but they’re built in California.
• “IPO Payday Did Not”: The IPO is creating a massive wealth event for California-based employees. Internal stock sales were at $420/share, meaning "engineers who once slept on the factory floor with Musk" are seeing millionaire/billionaire payouts. Real estate advisors are already telling "El Segundo employees" what to do now with RSUs, targeting Westchester, Playa Vista, El Segundo, Manhattan Beach.
• Wall Street got squeezed: Underwriting fees were pushed down to 0.75% across 21 banks. Musk "dictating the price, the fees, and the rules".
The illustration by Fernando Capeto for Forbes with photos by Suzanne Cordeiro and Ronaldo Schemidt/AFP via Getty Images matches what you saw.
So the headline is basically: SpaceX the company went to Texas, but SpaceX the manufacturing base and employee payday is still very much California.
1dViews 108Likes 1
Laura Jones@LauraJonesfit
@Forbes SpaceX’s June 12 IPO, valued at around $1.8 trillion, is expected to generate significant tax revenue for California through its millionaires’ tax on newly wealthy employees. Texas, with no state income tax, offers a different environment.
3hViews 100Likes 1
Clay P@Chppintx
@Forbes So employees that live there will be taxed but not the company? I believe that’s what Musk wanted.
23hViews 98Likes 1
Stanislav Gryshyn@stas_gryshyn
@Forbes moving headquarters changes where a company pays taxes but the massive scale of a tech IPO still depends on global capital markets
1dViews 80Likes 1
The Tectonic@thetect0nic
@Forbes How SpaceX becomes embedded in America's war machine, going public Friday at over $1 trillion, and its largest single client is the US government, listed as "Customer A" in the filing. You are buying the backbone of American national security in orbit. Thread on how it got there:
1hViews 48Likes 1
Md Sanuwar Hossen Sabbir@Sanuwarhossen0
@Forbes California didn’t lose SpaceX… it lost the ecosystem that builds companies like SpaceX.
1dViews 48Likes 1
Woodson ZY@WoodsonZY
@Forbes Musk's wealth is just snowballing at this point.
2hViews 36Likes 1
zepeixoto7@gmail.com@zepeixoto7
@Forbes 👍
1hViews 29Likes 1
Lex Wizhevsky@wizhevsky
@Forbes Thousands of newly wealthy people choosing where to live next. Texas has the tax answer. We have the architecture answer. #CyberVillage, Texas — designed for exactly this moment.
4hViews 71
XRP Army Grunt@MorrisMark41498
@Forbes If anyone sells stock for profit, you’re going to have a taxable event.
1hViews 6Likes 2
Four Ferrer@Four1258882
@Forbes Hmm
1dViews 67
raffHELL@raffhell
@Forbes Biggest boy in town..
4hViews 18Likes 1
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