CFO Anthony Armstrong leaves xAI, the Information reports

April 9 - Anthony ⁠Armstrong, named xAI's CFO in October, has departed ⁠the company as part of a broader wave of senior exits, the Information reported on Thursday, citing two people familiar with the matter.

Armstrong, who previously worked as a Morgan Stanley banker and advised Elon ⁠Musk during the acquisition ⁠ofsocial media platformX, was reporting to Bret Johnsen, the Information ⁠had reported in February.

Johnsen was the finance chief of the combined company following xAI and ⁠SpaceX's record-setting merger.

xAI did not immediatelyrespondto Reuters' request for comment.

Armstrong was leading the finance operations for both ⁠xAI and X, the Financial Times had reported in October.

He was responsible for steering the social media business back to financial ⁠stability following an exodus of advertisers after Musk relaxed its content moderation standards, the report said.

SpaceX is planning a highly anticipated initial public offering ⁠seeking to raise $75 billion, valuing the space company at as much as $1.75 trillion,Reuters has previously reported.

It outlined details of the IPO at a meeting with its team of bankers on Monday, ⁠telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June.

(Reporting by Juby Babu in Mexico City; Editing by Shreya Biswas)