SpaceX reportedly confidentially filing for IPO

Musk Hires Ex-Morgan Stanley banker as CFO of xAI

Anthony Armstrong has been hired as CFO of xAI, purveyors of Grok, signalling commitment to scaling operations and financial strategy during a critical growth period for the company.

Linda Yaccarino Steps Down as Chief Exec of X

Linda Yaccarino steps down as CEO of X after a two year tenure which saw the coming together of Elon Musk's xAI with the messaging platform.

Linda has an Italian-American background and has worked substantially in the media industry, starting her career at Turner Entertainment (founded by Ted Turner in 1986 and purchased by Time Warner in 1996).

Elon Musk asserts Oil is "Small Time"

"Compared to solar, oil is small-time" Musk issued on X.  The oil industry still fuels 80% of global energy demand, and solar still suffers from scalability and storage challenges.  However, Musk is backing his vision of the future - with factory builds, batteries and grid-scale operations.

Musk raises $6bn for xAI

 xAI has raised $6n from investors including Andreesen Horowitz to bring its “first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.” Some of this money will go into data centers with some expensive GPUs. Founder Elon Musk is also suing its competitor OpenAI for its partnership with Microsoft citing an abandonment of its mission to benefit humanity.