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Elon Musk is leaving Silicon Valley for Texas. These millionaires and companies are joining him
https://www.cnn.com/2020/12/13/tech/silicon-valley-moving-to-austin-miami/index.html
Elon Musk is leaving Silicon Valley for Texas. These millionaires and companies are joining him.
"......a principal at Peter Thiel's Founders Fund and co-founder at Varda Space Industries, tweeted earlier this month: "Ok guys hear me out, what if we move Silicon Valley to Miami[?]," Suarez quickly responded: "How can I help?"
A tech company decamping to Texas, and especially to Austin, is hardly groundbreaking. The tech hub, nicknamed "Silicon Hills," is already home to industry leaders including Advanced Micro Devices (AMD), Dell (DELL) and others. As of November, 39 companies -- in tech and other industries had relocated to Austin so far this year, according to data from the Austin Chamber of Commerce. Among those are 8VC, the venture capital firm run by Palantir co-founder Joe Londonsdale. Tesla (TSLA) is also building a 4 million square foot facility just outside Austin that's expected to create 5,000 jobs, the Chamber's records show.
Elon Musk is leaving Silicon Valley for Texas. These millionaires and companies are joining him
Silicon Valley has been the epicenter of the tech industry for decades, starting in 1938 when Bill Hewlett and David Packard started tinkering in a Palo Alto garage.
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