Core Insights - Elon Musk acknowledges that his AI startup xAI is being rebuilt from the ground up after initial shortcomings [1] - The departure of several co-founders from xAI raises concerns about the company's stability and future direction [2] Company Developments - Musk merged SpaceX and xAI, valuing SpaceX at $1 trillion and xAI at $250 billion [3] - The recent exodus of xAI co-founders leaves Musk with only two original team members from 2023 [2] - SpaceX is preparing for a potential record IPO later this year [2] Talent Acquisition and Workforce Changes - SpaceX has hired two programmers from AI startup Cursor, indicating a focus on enhancing its AI capabilities [4] - Musk has initiated job cuts in response to the competitive landscape posed by generative AI rivals like OpenAI and Anthropic [4]
Elon Musk says xAI must be 'rebuilt' as co-founder exodus continues, SpaceX IPO awaits
CNBC·2026-03-13 18:32