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Gavin Newsom: “More Fortune 500 companies than we've had in over two…”

Featuring: Gavin Newsom, Democratic | Governor of California

FULL DISCUSSION: Gavin Newsom Unleashes on Trump, Praises EU Leaders, Warns of Democracy Collapse

Published January 22, 2026 | Video Starts at 28:43

What's your. Well, California's population three years in a row continues to grow and so does our footprint as it relates to More Fortune 500 companies than we've had in over two decades. And our innovation ecosystem and startup ecosystem second to none. We have half of the country's unicorns in our state. The largest market cap private sector company, OpenAI, just headquartered in San Francisco. (28:43–28:47)

CLAIM

Asserts that California has more Fortune 500 companies than in the past two decades.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Gavin Newsom

“California [is the] fourth largest economy in the world.”
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“27% of us [in California] are foreign born.”
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“18% of the world's R&D, China, 22% Germany, 21. California.”
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“$83.1 billion. That was the net contribution that we provided to the federal government versus red state like Texas. That was a taker state…”
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“The highest contribution of venture capital last year in our history, $106 billion, 68% of it went back into the state of California.”
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“Four National Guard were federalized, 700 active duty Marines were not sent overseas. They were sent to my largest city in the state of…”
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“The Trump administration is weakness masquerading as strength.”
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“We can lose our republic as we know it, our country come out unrecognizable in a matter of months, just not years.”
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“Donald Trump is an historic president. That's absolutely correct. He's historically unpopular in the United States of America in every…”
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“He's not going to run again. Time of life denies that.”
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“We have more Fortune 500 companies than any other state in America.”
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“More scientists, engineers, more Nobel laureates, my state than any state in America.”
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“The finest system of higher public education in the world.”
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“The governance with one of the lowest insured rates in America.”
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“Our state of education report which showed in every category, every classroom making progress with our test scores.”
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“Higher life expenses expect. See lower infant mortality, lower gun death rates, more productivity, higher wages, higher quality of life.”
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“There were 16 major fires in Southern California over a two week period.”
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“We delivered on [universal health care] and I'm proud of that. We're one of 16 states to provide care to people regardless of immigration…”
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“I put our own National Guard on the border the day I got elected into office in 2019, sent 394 National Guard down to the border.”
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“The Biden administration last year was averaging 168,000 jobs a month.”
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“Inflation is not lowering still at 2.7%.”
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“We have a progressive tax structure, the most progressive in the country, by the way.”
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“States like Texas and Florida, the most regressive tax structures, they tax their lowest wage earners more than we tax our highest wage…”
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“I'm opposed to [the wealth tax]. It's already had, I think, a very negative impact on the state.”
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“California's population three years in a row continues to grow.”
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“We have half of the country's unicorns in our state.”
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“The largest market cap private sector company, OpenAI, just headquartered in San Francisco.”
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“Our economic, our entire entrepreneurial system is thriving in our state.”
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