Money Moves in Musk’s Companies: What’s Behind the CFO’s Sudden Exit?

A key financial leader has left xAI, the AI startup connected to SpaceX. The former CFO, Anthony Armstrong, stepped down recently. His departure comes as other top executives also exit, showing bigger changes inside the company. Armstrong had a big role before—helping with the purchase of X (formerly Twitter) while working at Morgan Stanley. Reports suggest he was juggling finances for both xAI and X. That included fixing money troubles at X after advertisers pulled back. Changes in rules about what content stays on the platform scared off sponsors. Now, the company is trying to win them back. Armstrong’s exit might signal deeper shifts in how these companies manage money and leadership.SpaceX, the space company tied to all this, is making big plans. It’s preparing for a huge stock sale that could bring in $75 billion. If successful, the company could be valued at $1. 75 trillion. That would make it one of the most valuable firms ever. SpaceX is also planning to give regular investors a chance to buy shares early. In June, it will host an event just for them. The timing of Armstrong’s exit isn’t random. SpaceX’s IPO push means more eyes are on its finances. Leadership moves often happen when big changes like this are coming. The company hasn’t explained why Armstrong left, but his departure adds to a wave of high-profile exits.