Story perspectives

Texas Tops California with 57 Fortune 500 Headquarters

6/5/2026

Summary

Story summary

Texas now hosts 57 Fortune 500 headquarters, overtaking California’s 56 in the 2026 list.
Gov. Greg Abbott said the state’s no-income-tax policy, lighter regulation and affordable housing attracted firms.
Uber co-founder Travis Kalanick, Palantir co-founder Joe Lonsdale and venture capitalist David Sacks moved to Texas after California proposed a 5% one-time billionaire wealth tax.
Opponents warn the tax could eliminate an estimated 108,000 high-paying jobs over the next 20 years.

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Story summary

Texas now hosts 57 Fortune 500 headquarters, overtaking California’s 56 in the 2026 list.
Gov. Greg Abbott said the state’s no-income-tax policy, lighter regulation and affordable housing attracted firms.
Uber co-founder Travis Kalanick, Palantir co-founder Joe Lonsdale and venture capitalist David Sacks moved to Texas after California proposed a 5% one-time billionaire wealth tax.
Opponents warn the tax could eliminate an estimated 108,000 high-paying jobs over the next 20 years.