TLDR Tech / AI
Elon Musk's X Restructures Ahead of SpaceX IPO
X let go of its chief marketing officer and conducted a round of layoffs of nontechnical staff over the last several weeks. The company is right-sizing ahead of its parent company SpaceX's potential $1 trillion-plus IPO. Most of the remaining staff at X have been told to focus on growing the company's revenue. The company plans to launch a payments business, X Money, in early public access next month.
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