Musk Moves Foundation to Texas, Fans Relocation Speculation (1)

Elon Musk has moved his private foundation to Austin, Texas -- another sign the billionaire may be relocating to the Lone Star State.

The Musk Foundation, which was based in California, created an entity in Austin over the summer. The two merged, according to a certificate of merger filed with the Texas Secretary of State in October that Musk signed. The surviving entity is located in the state capital’s downtown area.

Musk’s Space Exploration Technologies Corp. already has two facilities in Texas, and Tesla Inc. is building an assembly plant in Austin. CNBC reported last week that he’s told friends ...