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00:02SpaceX CEO Elon Musk said on Wednesday that XAI reorganized operations to improve speed
00:08of execution and parted ways with some employees, according to CNBC. In a post on X,
00:14Musk did not identify who was affected and said the company is hiring aggressively.
00:18Earlier this week, co-founders Jimmy Ba and Tony Wu announced their exits
00:22after several other founding members previously departed.
00:25Last week, SpaceX agreed to acquire XAI in an all-stock deal valuing SpaceX at $1 trillion
00:32and XAI at $250 billion post-merger. Musk previously used XAI to acquire X in March 2025.
00:41The reorganization comes as SpaceX prepares to go public and as XAI faces regulatory probes
00:47tied to Grok's image generation features. For all things money, visit Benzinga.com.
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