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xAI Merges with SpaceX, Restructures Ahead of IPO

4/9/2026

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Story summary
  • Elon Musk's xAI is restructuring by merging with SpaceX in preparation for an IPO.
  • Michael Nicholls, a SpaceX executive, has been appointed president of xAI following the departure of several cofounders and senior leaders.
  • Musk is applying a "Tesla playbook" for rebuilding, promoting three Indian-origin engineers to lead key teams: Devendra Chaplot, Aman Madaan, and Aditya Gupta.
  • Nicholls stated that xAI's compute performance is "embarrassingly low" and aims for significant improvements soon.