Earlier quoted context omitted.
You misunderstand Musk's motivation. This was never about money for him, but about control over a key technology. One of the main reasons he exited OpenAI was the fact that the other co-founders wanted to create a structure where no one, Musk included, would be able to seize full control of the company. That was the thing that prompted him to leave, which tells you a lot about what he really wanted in the first place…
Honestly, this is exclusively about money. xAI and X were complete money pits, Tesla's brand was tarnished and SpaceX was the only remaining untainted brand but it has an obvious problem. Starship didn't turn out to be the obvious victory that Musk had in mind. He basically threw away the Falcon 9 mindset of incremental progress and is instead trying to use a completely different methodology on what amounts to be a v…
Cool. Sounds like a wise financial management. Musk's early background is actually in finance.
People call him software and physics but rarely remember he's a finance genius too.
p.s. you probably wanna have a look how indebted legacy auto is compared with Tesla. That's why merger with SpaceXAI makes sense.