Economie
XAI Reorganizes Its Engineering Team Ahead of SpaceX IPO - Business Insider
As Elon Musk's xAI merges more closely with SpaceX ahead of the space giant's blockbuster IPO, the AI company is undergoing yet another major overhaul to its engineering team, according to a memo viewed by Business Insider.SpaceX executive Michael Nicolls said the company is "clearly behind" the competition and is taking action to catch up as quickly as possible.Nicolls, the senior vice president of Starlink at SpaceX, has taken on the title of xAI president, a person with knowledge of the change told Business Insider.SpaceX, which acquired xAI earlier this year, is expected to file an initial public offering this year, which could value it at over $2 trillion, according to some reports.As it merges with SpaceX, xAI has undergone a series of organizational shake-ups while racing to keep pace with AI rivals OpenAI, Anthropic, and Google. The company has lost several cofounders and senior leaders, most recently Ross Nordeen, formerly one of Musk's closest deputies.