xAI CFO Anthony Armstrong leaves the company: Report

Anthony Armstrong, named xAI's CFO in ​October, has departed the ​company as part of a ​broader wave of senior exits, the Information reported on Thursday, citing two people familiar with the matter.

Armstrong, who previously ‌worked as ⁠a ⁠Morgan Stanley banker and advised Elon Musk during the ​acquisition of social media platform X, was reporting to Bret ​Johnsen, the Information had reported in February.

Johnsen was the finance chief of the combined company following ​xAI and SpaceX's record-setting merger.


xAI ⁠did not ‌immediately respond to Reuters' request ​for comment.

Armstrong ​was leading the finance operations for ⁠both xAI and X, the Financial Times ​had reported in October.

He was responsible ​for steering the social media business back to financial stability following an exodus of advertisers after Musk relaxed its content moderation standards, the report said.

SpaceX is planning a highly anticipated ‌initial public offering seeking to raise $75 billion, valuing the space company at as much ​as $1.75 trillion, ​has ⁠previously reported.

It outlined details of the IPO at a meeting with its team of bankers on Monday, ​telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June.