Elon Musk is raiding his own companies to rescue xAI, pulling trusted lieutenants from SpaceX, Tesla (NASDAQ:TSLA) and Starlink into the struggling AI firm just weeks before what may become the largest public offering ever, according to a Bloomberg report.
A copy of xAI’s org chart reviewed by Bloomberg shows more than a dozen Musk allies now running engineering, product and finance.
SpaceX President Gwynne Shotwell helps oversee operations, longtime Starlink executive Michael Nicolls took over as xAI president in April, and SpaceX finance chief Bret Johnsen now runs xAI’s books.
The shuffle matters because Musk folded xAI into SpaceX in February. xAI posted a roughly $6.4 billion operating loss last year and burned an estimated $14 billion in cash, even as Starlink doubled …
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