Musk's xAI experiences another top-level shakeup as CFO resigns after only three months in office.

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According to sources familiar with the matter, xAI’s Chief Financial Officer Mike Liberatore, under Elon Musk’s ownership, has resigned only a few months after taking office, leaving a key position vacant at the company.

Liberatore joined xAI earlier this year, participating in some of the company’s fundraising efforts as well as the data center expansion project in Memphis. However, according to media reports, he left in July, just three months after officially taking the position. The reason for his departure remains unknown.

Before joining xAI, Liberatore worked in financial roles at Airbnb for nearly a decade. He was involved in multiple fundraising activities at xAI, including a $5 billion bond issuance completed in June with assistance from Morgan Stanley. In conjunction with this debt, the company also raised $5 billion in equity financing, nearly half of which came from Musk’s space exploration company, SpaceX. It is very rare for SpaceX to make external investments.

Liberatore was also responsible for overseeing xAI’s data center expansion in the Memphis area of Tennessee. According to property records, he signed documents in mid-July approving the purchase of an easement for transmission lines near an abandoned power plant in northern Mississippi. Sources say he has already secured a new job.

Multiple Senior Executives Have Recently Left xAI

In recent weeks, several senior executives have left xAI.

On August 7, xAI’s general counsel Robert Keele announced his resignation, saying he would spend more time with his two young children. In his farewell post, he both praised Musk and admitted, “We have differences in our worldview.” He also posted an image generated by xAI’s chatbot, Grok: a man in a suit manically shoveling coal. This was Grok’s response to Keele’s prompt: “What does it feel like to be in charge of legal affairs at xAI?”

Sources reveal that Raghu Rao, a senior lawyer responsible for business legal matters at xAI, also left at roughly the same time as Liberatore and Keele.

Igor Babuschkin, who co-founded xAI with Musk in 2023, announced his resignation on August 13 and plans to start a new venture focused on AI safety. Babuschkin is a seasoned expert in AI, having worked for years at Google’s DeepMind and OpenAI. In his farewell post on X, he wrote, “It's not easy to stay on the cutting edge of technology this fast.” Musk later replied on X: “We couldn't have made it this far without you.”

Liberatore’s departure has left a vacancy in a critical position at xAI, which is currently intensively raising funds and expanding its artificial intelligence infrastructure, including data center projects and computing chips.

According to sources, former Tubi executive Mahmoud Reza Banki is still serving as Chief Financial Officer at social media company X. Earlier this year, Musk merged xAI with X.

In addition, the head of Musk's family office, Jared Birchall, is also deeply involved in xAI’s financial decision-making and has long been responsible for financing activities across Musk's various companies.

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