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2h ago

FT: Musk Taps Anthony Armstrong as xAI CFO With Oversight of X’s Finances

The move consolidates financial control across Musk’s companies to steady finances before a potential funding round.

Former Morgan Stanley banker Anthony Armstrong joins xAI as new CFO
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Overview

  • Financial Times reports that Anthony Armstrong, a former Morgan Stanley tech M&A head who advised on the $44 billion Twitter deal, has been appointed chief financial officer of xAI.
  • His remit includes leading finance for social platform X after the businesses were operationally integrated earlier this year, according to the reporting.
  • Armstrong replaces Mike Liberatore, who departed in 2025 following clashes over corporate structure and aggressive targets, the FT reported.
  • The appointment follows a wave of executive exits at xAI and X that included former X CEO Linda Yaccarino, xAI general counsel Robert Keele, and X finance chief Mahmoud Reza Banki.
  • xAI is in talks on a new funding round reportedly targeting a valuation near $200 billion, no deal has been finalized, and xAI and X have not commented as Armstrong’s X profile now shows the xAI logo.