French aerospace company sees surge in U.S. applicants after SpaceX relocation news: ‘Come to Europe and we’ll help you’

French aerospace company sees surge in U.S. applicants after SpaceX relocation news: ‘Come to Europe and we’ll help you’


Latitude, a French aerospace company based an hour outside Paris, is getting a surge of applications from American engineers after Elon Musk said he would relocate SpaceX headquarters from California to Texas.

Within the last week, a spokesperson for Latitude says it received the equivalent of one month of applications to its hiring systems, and that 89% of those are coming from U.S.-based candidates. Those job seekers work at SpaceX, Blue Origin, Lockheed Martin, Tesla and other companies related to the aerospace industry, the spokesperson tells CNBC Make It.

The bump comes after Musk wrote on X on July 16 that he intends to move his company’s base from Hawthorne, California, to Starbase, Texas. The SpaceX founder and CEO says his decision follows the passing of a new state law that bans school districts from requiring teachers to notify parents about changes to a student’s sexual orientation and gender identity.

Though it’s unclear if, or when, SpaceX will leave California entirely, aerospace business leaders quickly used Musk’s message to pitch themselves to the company’s roughly 13,000 employees who may be concerned about their future career and relocation plans.

Stanislas Maximin, CEO at Latitude, wrote in a LinkedIn post that Space X employees “looking to join an inclusive and highly ambitious rocket company” should contact him — and they did.

“It was quite a surprise,” Maximin tells CNBC Make It. Within a few days of his posts, he says he received some 200 messages of interest, and his LinkedIn network swelled from 6,000 to 9,000 connections.

He says the message wasn’t a takedown of Musk or SpaceX, which Maximin refers to as one of “the best engineering companies in the world.” Rather, he says, “if you’re not happy where you are, if you want different things, you can come to Europe, and we’ll help you.”

A rising share of Americans may be willing to take up offers to relocate abroad. The number of American workers hired by international companies grew 62% last year, according to Deel, an HR platform that specializes in global hiring.

U.S. search interest for “how to move” to a new country swelled following the first 2024 presidential debate between President Joe Biden and former President Donald Trump in June, while companies that help Americans relocate are seeing a surge in interest, too.

Latitude, which has roughly 140 employees and a dozen job openings, has made a few hires from U.S.-based applicants before and says it will help new employees obtain a visa for themselves and any family members, find new work and school options for relatives, pay for relocation costs, and handle other necessary logistics.

“We have done it multiple times over,” Maximin says, adding that his company has “the full support of French authorities” to make the relocation happen quickly.

Why global leaders want U.S. talent

U.S.-based engineers bring technical expertise as well as new cultural perspectives, which both benefit Latitude’s developments, Maximin says.

He says global leaders are eager to tap into American workers’ ability to work “faster, more reliably and more profitably.”

Global leaders often tout America’s fast-paced work culture as a benefit when hiring U.S. talent, particularly tech and other highly skilled workers.

As for how he assesses good candidates, Maximin says it’s 50% about having expertise in the field, and 50% having a personality that will help the company thrive: people who are builders, problem solvers, team players and great communicators.

Seeing as international hires also require the candidate to go through a big life change by moving, Maximin says it’s crucial applicants demonstrate they have perseverance and resilience. Further, he looks for people who can demonstrate that they are good leaders, even if they have never managed anyone directly.

“All of our engineers have projects to manage, even if they’re alone on it,” Maximin says. He looks for “people who have great organizational skills and who can be leaders, and also help each other, even if it’s outside their own field of expertise.”

Want to stop worrying about money? Sign up for CNBC’s new online course Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure. We’ll teach you the psychology of money, how to manage stress and create healthy habits, and simple ways to boost your savings, get out of debt and invest for the future. Start today and use code EARLYBIRD for an introductory discount of 30% off through September 2, 2024.

Plus, sign up for CNBC Make It’s newsletter to get tips and tricks for success at work, with money and in life.

How much it really costs to buy a $1 home in Italy



Source

Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
World

Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts’ estimates due to […]

Read More
Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism
World

Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism

Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024. Yuki Iwamura | Bloomberg | Getty Images Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony […]

Read More
Troubling signs under the hood: Charts point to possible market selloff around corner
World

Troubling signs under the hood: Charts point to possible market selloff around corner

While the S & P 500 and Nasdaq 100 have both pushed to new all-time highs in November, market breadth indicators have mostly not confirmed those recent highs. While the trends for the major equity averages remain undeniably positive, the lack of breadth support suggests a painful reversal may be just around the corner. This […]

Read More