Elon Musk says xAI must be 'rebuilt' as co-founder exodus continues, SpaceX IPO awaits
By Ari Levy
Published on March 13, 2026.
Elon Musk, the CEO of Tesla Inc., has stated that his artificial intelligence startup, xAI, must be rebuilt after several of its co-founders recently left the company. This comes less than six weeks after Musk merged SpaceX and xAI in a deal valued at $1.25 trillion. The move comes as SpaceX prepares to go public with a potential record-breaking IPO. The Financial Times reports that Musk has ordered a round of job cuts following the rapid success of coding tools from generative AI rivals OpenAI and Anthropic.
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