CFO Exits Elon Musk’s xAI

Updated:September 4, 2025

Reading Time: 2 minutes
Elon Musk

Elon Musk’sAI company, xAI, is once again facing leadership changes. Mike Liberatore, the firm’s chief financial officer, has stepped down, according to The Wall Street Journal. 

His exit adds to a string of senior departures in recent months. Liberatore joined xAI in April after leaving Airbnb. 

By late July, he had already moved on. His time at the company was short, however, his role was far from minor.

He helped organize a $5 billion debt raise and another $5 billion in equity. Almost half of the equity funding came directly from SpaceX, Musk’s aerospace company. 

This financial boost gave xAI the resources to expand rapidly. In addition, Liberatore supervised the early stages of the firm’s Memphis data center project. 

That facility is expected to strengthen xAI’s ability to train and deploy advanced language models.

Elon Musk and xAI CFO, Mike Liberatore
Source: Mobile App Daily 

More High-Level Exits

In August, Robert Keele, xAI’s general counsel, resigned after little more than a year in the role. Around the same time, senior lawyer Raghu Rao also left the company.

Last month, co-founder Igor Babuschkin announced he would step away. He is now working on a venture capital firm dedicated to AI safety. 

His exit reflected the growing debate over how to balance rapid innovation with responsible oversight.

In July, Linda Yaccarino, the former CEO of X, resigned as well. Her decision came after criticism surrounding Grok, the chatbot xAI launched through X.

Stability

The reasons behind the departures remain unclear. Some point to the demanding pace of Musk-led ventures. 

Others highlight differences in strategic vision. What is clear is that these exits raise questions about stability within a young and ambitious firm.

Lolade

Contributor & AI Expert