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xAI’s CFO Departs Amid Major Financial Moves and Expansion Efforts
xAI’s CFO Departs Amid Major Financial Moves and Expansion Efforts
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BTCCSquare news:
Elon Musk's xAI faces another high-profile exit as CFO Mike steps down after just four months. His departure, shrouded in mystery, follows significant financial maneuvers—including a $5 billion debt deal led by Morgan Stanley and a separate $5 billion equity raise, nearly half sourced from SpaceX. The timing raises eyebrows, given xAI's aggressive infrastructure push.
Mike's final acts included securing transmission line easements NEAR a defunct Mississippi power plant, part of xAI's Memphis-area expansion. The legal team also saw turnover, with General Counsel Robert Keele departing in August, citing family priorities and hinting at ideological differences. "There's daylight between our worldviews," he posted cryptically.
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