Elon Musk's X undergoes restructuring as SpaceX IPO speculation grows
Elon Musk's company, X, is undergoing major restructuring in preparation for the expected SpaceX IPO.
The shakeup saw the exit of Angela Zepeda, who served as X's Marketing Chief since September 2024 until her dismissal last month following Musk's announcement of a merger between XAI and SpaceX, News.Az reports, citing foreign media.
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In efforts to streamline operations and boost profitability, X has been removing redundant roles. The company recently executed a significant reduction in its nontechnical workforce, letting go of over 20 staffers, according to WSJ reports.
Despite the organizational shifts, X remains steadfast on its trajectory to rollout X Money, a payments arm integrated into its social-media platform. The endeavor highlights Musk's intent to diversify and bolster revenue streams as part of a broader strategic vision.
By Ulviyya Salmanli
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