Elon Musk plans to move the headquarters of X and SpaceX to Texas, specifically to Starbase near Brownsville.

Musk's decision is driven by disapproval of a new California law protecting LGBTQ students' rights, which restricts schools from informing parents about gender pronoun changes without consent.

The new law has sparked debate on parental rights versus LGBTQ+ student rights in schools.

SpaceX has been acquiring land in the Starbase area, including 43 acres of Boca Chica State Park.

Cybersecurity firm Kaspersky is closing its US operations, impacting a small number of employees.

Musk's relocation aligns with his preference for Texas, where Tesla's headquarters have been since 2021.

Musk also plans to establish a university in Austin, Texas.

Texas Governor Greg Abbott supports Musk's decision, solidifying Texas' role in space exploration.

The move reflects a broader trend of businesses relocating to Texas for a more favorable business environment.

This issue highlights the national debate on LGBTQ+ rights amidst the presidential campaign between Donald Trump and Joe Biden.