SpaceX Woos Investors As C-Suite Shakeups Continue

Some of the biggest Wall Street fund managers are planning to trek to the southernmost tip of Texas, then about 950 miles to Memphis, Tenn, in two weeks, for exclusive visits to SpaceX facilities ahead of what could be the biggest initial public offering of all time, three people familiar with the matter said.

The two-day trip is sure to inspire awe at Starbase, where SpaceX is building the world’s largest fully reusable rocket, and Colossus 1 and 2, xAI’s pair of massive data centers. But it also comes as some investors have questions about how the two Elon Musk businesses will function as part of one AI-space behemoth. One recent sign of change is the departure of Anthony Armstrong, xAI’s chief financial officer, two people familiar with the matter said, part of a wave of senior exits at the company.