London Daily

Focus on the big picture.
Thursday, Jun 18, 2026

Now Oracle's exiting California for Texas. Will the last one in Silicon Valley, please turn out the lights?

Now Oracle's exiting California for Texas. Will the last one in Silicon Valley, please turn out the lights?

Oracle, part of the S&P 100 with 138,000 employees, was founded 43 years ago in Silicon Valley

If the outbound migration from Silicon Valley to Texas continues at its current clip, we may soon see a sign on southbound Highway 101 “Will the Last One in Silicon Valley, Please Turn Out the Lights?” (although California’s frequent blackouts might render the sign redundant).

Just 11 days after Hewlett Packard Enterprise, part of the firm that created Silicon Valley in 1939, announced it was moving its headquarters from San Jose, California to Houston, Texas, Oracle announced that its headquarters had moved to Austin, Texas from Redwood City, California.

Oracle, part of the S&P 100 with 138,000 employees, was founded 43 years ago in Silicon Valley. It’s not yet known if Larry Ellison, Oracle’s co-founder, Executive Chairman and Chief Technical Officer, is moving to Texas.

Of note, Ellison is the second-largest investor in Elon Musk’s Tesla.

Musk announced a personal move out of California to Texas a few days ago. Musk has frequently clashed with California politicians and bureaucrats during the past year over 1COVID1-19 restrictions and stifling governmental overreach, likening the state to a sports franchise that won for so long it has now forgotten what it takes to win.

California’s increasingly burdensome regulatory climate has driven Elon Musk’s Tesla to build a gigafactory in Texas outside of Austin. Within weeks of the announcement, the new plant was under construction.

In California, it would have taken five years just to navigate the environmental lawsuits — most of which are merely used as tools to extract concessions for union labor and other entrenched California special interests.

California has the nation’s highest income tax rate, 13.3 percent, and businesses save, on average, 32 percent of their operating costs by moving from California to Texas.

Some Texans took aim at Gov. Greg Abbott, who announced Oracle’s move on Twitter on Friday, Dec. 11. They’re worried that an influx of more Californians, assumed to be liberal, would turn Texas blue.

Last year, the Census Bureau estimated that about 560,000 people moved into Texas from other states while about 453,000 moved out. About 82,000 of those new Texans arrived from California. The Oracle move will add to a tiny fraction of the annual migration to Texas.

The fact is that thousands of small family businesses move to Texas every year from California, though few of them ever get any notice from the national media. They are mostly run by conservatives fed up with California’s high taxes and crushing regulatory burden.

Polling in Texas consistently shows that new arrivals are more conservative than native-born Texans. At least so far.

Even if Texans actually wanted to turn Californians away, there’s no legal way to do it. That is unless Texas were to adopt the same destructive policies that California has, such as expanding government, raising taxes, and dramatically increasing arbitrary regulatory enforcement.

Ellison himself has given to politicians of both major parties and gave some $4 million to a PAC supporting Florida Republican Sen. Marco Rubio’s 2016 presidential bid. This year, he hosted a fundraiser for President Trump at his Rancho Mirage estate in California.

A few weeks ago, Joe Lonsdale, another Silicon Valley entrepreneur (Palantir and Addepar) and venture capitalist with a $3.6 billion fund, moved to Austin.

Writing in the Wall Street Journal on Nov. 15, Lonsdale cited, among other issues, a non-responsive government caused by “California’s intolerant far-left” politicians, electric blackouts, and a breakdown in public safety as reasons for his move out of the Golden State.

I couldn’t agree more. After working in California’s aerospace industry for 13 years, then serving six years as a conservative Republican California State Assemblyman until I termed out, I packed up and moved to Texas nine years ago. By the time I left in 2011, most of the aerospace giants for whom I consulted had packed up and left, as well.

California Democrats enjoy two-thirds supermajorities in each legislative house and every statewide elected office.

They own California politics. And they’d rather curse the darkness, the overhead light isn’t working, due to a blackout, following the departure of Oracle, Hewlett Packard Enterprise, Musk, and Lonsdale than light the candle of reform.

Newsletter

Related Articles

0:00
0:00
Close
Cornwall Clergy Raise £40,000 for Church Repairs Through Everest-Themed Charity Challenge
UK Business and Social Landscape Reflects Strain From Geopolitical and Domestic Pressures
Tensions Grow in UK Over Sikh Kirpan and Religious Symbolism in Public Debate
Energy Price Cap Increase Set to Lift UK Household Bills by 13 Percent
University of Reading Ranked 196th in QS World University Rankings
UK Maritime Archaeologists Identify 17th-Century Dutch Shipwreck Off Devon Coast
Oxford Union Islam Debate Sparks Protest From Faith Leaders in UK
UK Social Cohesion Debate Intensifies After Religious Prejudice Survey Findings
UK SME Lending Rises Despite Geopolitical Uncertainty and Cautious Outlook
Foreign Demand for UK Gilts Remains Sensitive to Global Inflation Trends
Labour Party Faces Leadership Pressure After Weak Local Election Results in UK
Transport Costs Drive Inflation Pressure as Petrol Prices Push Up UK CPI
British Chambers of Commerce Cuts Growth Forecast as Middle East Conflict Weighs on Investment
UK Economy Grows 0.6 Percent in First Quarter but Outlook Remains Weak
Bank of England Holds Interest Rates at 3.75 Percent as Inflation Risks Persist
Energy Price Cap Rise Expected to Keep UK Inflation Above Target Through 2026
Health Authorities Warn of Rising Cases of Seasonal Respiratory Illnesses
BAE Systems and Rolls-Royce Advance Multi-Nation Fighter Aircraft Programme
National Archives Publish Declassified Documents on Cold War Energy Security Planning
British Retail Spending Rises Despite Continuing Cost-of-Living Pressures
Wales Launches Social Housing Pilot to Address Affordability Pressures
British Energy Companies Commit £5 Billion to Geothermal and Hydrogen Projects
Northern Ireland Debates Cross-Border Healthcare Partnership With the Republic of Ireland
UK Establishes National Artificial Intelligence Safety Centre With Leading Universities
UK Reports Decline in Small Boat Crossings After Expanding Intelligence Cooperation With France
Scottish Parliament Launches Inquiry Into Delays to Renewable Energy Projects
National Crime Agency Dismantles Alleged Multi-Million-Pound Money Laundering Network in London
Transport Strikes Disrupt Rail and Bus Services Across Northern England
United Kingdom and European Union Open New Security Dialogue on Defense and Border Cooperation
Bank of England Holds Interest Rates at 5% as Services Inflation Remains Elevated
UK Government Unveils Major National Health Service Reform Focused on Decentralization and Performance Funding
Government Advances New Airport Slot Rules to Ease Airline Operating Constraints
BBC Opens Flagship Science-Fiction Franchise to Competitive Production Bids
Chancellor Meets City Leaders Amid Concerns Over Gilt Market Liquidity
Rathbones Shares Fall Seventeen Percent After Regulatory Review Reveals Compliance Failings
United Kingdom Joins Group of Seven Initiative Using Artificial Intelligence and Quantum Computing for Cancer Research
Parliament Debates Doubling Tax Allowance for Pensioners After Major Public Petition
Measles Cases Exceed Seven Hundred in London and the West Midlands
British Military Leadership Faces Parliamentary Scrutiny After Defence Secretary's Sudden Resignation
House of Lords Begins Debate on Steel Industry Nationalisation Legislation
Parliament Advances Bill to Abolish NHS England and Create Single Patient Records
Parliament Fast-Tracks National Security Bill to Expand Powers Against Foreign Threats
United Kingdom and European Union Set July Summit to Deepen Post-Brexit Cooperation
United Kingdom Imposes Seventy New Sanctions on Russia and Expands Support for Ukraine's Nuclear Sector
United Kingdom Announces Social Media Ban for Children Under Sixteen
0British Government Investigates Reports of Russian Warship Firing Warning Shots Near Isle of Wight
UK Supreme Court Revises Legal Definition of Deprivation of Liberty
King’s Birthday Honours Recognise Contributions Across Science, Culture and Public Service
UK Ministry of Defence Reports Interdiction of Russian Shadow Fleet Vessel
UK and US Launch Joint Regulatory Programme for Medicines and Healthcare Products
×