CFO Anthony Armstrong leaves xAI, the Information reports

April 9 - 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, Reuters 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.

(Reporting by Juby Babu in Mexico City; Editing by Shreya ‌Biswas)

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