M. Reza Banki

X CFO

[M. Reza Banki @MRezaBanki]

After an incredible year as CFO at X Corp, I’m moving on.

Thank you @elonmusk for giving me an exceptional opportunity, a front row operator’s seat and trusting me to advance transformational change at X. Over the year I spent at X, we refinanced $12.5B of debt, meaningfully increased revenue, managed costs, and streamlined operations. Those efforts dramatically improved the company’s financials and cashflow, more than doubling the company’s valuation leading to the merger of X with xAI in March 2025. With the substantial improvements at X and the merger well on its way, my job is done here. And, in short, X is in a far better place today versus a year ago. I shared my decision and final parting thoughts with Elon last week.

I’m deeply grateful to Elon and those at X who help make the mission and achievements possible every day. I’ll be cheering you from the sidelines as X’s business continues to evolve and thrive. I move on to catch my breath, reflect, and plan for the next chapter.

https://t.co/EqPRLoMabM

[M. Reza Banki @MRezaBanki]

https://t.co/URakXRnCho

[SpaceX @SpaceX]

Liftoff! First $SPCX trade complete 🚀

[Nasdaq @Nasdaq]

$SPCX. Now trading on Nasdaq.

[M. Reza Banki @MRezaBanki]

14th consec #LAMarathon 2026, (earlier today) #justice #fairness & #EqualOpportunity in all contexts.

"The arc of the moral universe is long, but it bends towards justice." MLK.

More at https://t.co/tR9N7DrjeF #RezaStory

[M. Reza Banki @MRezaBanki]

#lamarathon2026 LA Marathon # 14 #justice

[xAI @xai]

https://t.co/RzNuclNfsR

[Elon Musk @elonmusk]

@xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt).

Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale.

X is the digital town square where more than 600M active users go to find the real-time source of ground truth and, in the last two years, has been transformed into one of the most efficient companies in the world, positioning it to deliver scalable future growth.

xAI and X’s futures are intertwined. Today, we officially take the step to combine the data, models, compute, distribution and talent. This combination will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach. The combined company will deliver smarter, more meaningful experiences to billions of people while staying true to our core mission of seeking truth and advancing knowledge. This will allow us to build a platform that doesn’t just reflect the world but actively accelerates human progress.

I would like to recognize the hardcore dedication of everyone at xAI and X that has brought us to this point. This is just the beginning.

Thank you for your continued partnership and support.

[M. Reza Banki @MRezaBanki]

"Back Pain & Spinal Injury: How I Avoided Surgery". My latest blog sharing my journey dealing with backpain and avoiding spinal fusion surgery.
https://t.co/NoPduSGXXe

[M. Reza Banki @MRezaBanki]

My 3rd blog in series: A comprehensive framework for evaluating performance to retain & motivate top talent & building a strong success record. #PerformanceEvaluation #EmployeeEngagement #TalentRetention https://t.co/e5CplQMxbv

[M. Reza Banki @MRezaBanki]

My latest blog reflecting on Tubi's success & how we built a data-driven, strategic, capital efficient, tech FINANCE team: https://t.co/CjUT9C0oHG

[Vala Afshar @ValaAfshar]

Life lessons from @rogerfederer (must watch)

1 Effortless is a myth
2 Belief in yourself has to be earned
3 Grit > Gift
4 Discipline is talent
5 Trust and loving the process is talent
6 You can do your best and still lose
7 Life is bigger than the court

[Bastien Fachan @BastienFachan]

Roger Federer’s Commencement Address at Dartmouth yesterday might be the best speech he’s ever given.

Amazingly articulate, funny, full of wisdom. Made me laugh and tear up. I’m so very proud to have had him as my idol for the past two decades.

If you have 25 minutes to spare…

[M. Reza Banki @MRezaBanki]

@FareedZakaria @MeetThePress @chucktodd @andersoncooper @WSJ @nytimes @washingtonpost @USATODAY @latimes @chicagotribune @thehill @politico @CNN @NewYorker @FT @TheAtlantic

[M. Reza Banki @MRezaBanki]

My Oped @AmerBanker : equal access to financing
https://t.co/6emexginSH
No longer a cash society, you are invisible without access to the modern financial system. Inalienable rights of life, liberty & pursuit of happiness for all, EVEN former inmates, immigrants & the underbanked

[M. Reza Banki @MRezaBanki]

@SenSchumer @SpeakerJohnson @WhiteHouse @SenateGOP @SenateDems @JoeBiden @POTUS @BernieSanders @AOC @MittRomney @SenWarren

[M. Reza Banki @MRezaBanki]

@BankofAmerica @jpmorgan @Chase @capitalone @etrade @Fidelity @TDBank_US #justice #Equality #FinancialInclusion #formerlyincarcerated #criminaljusticereform #Immigration #Congress

[M. Reza Banki @MRezaBanki]

Let's get clarity on why banks refuse ordinary & imperfect citizens; let's clarify our rights and include a right to the most basic of checking accounts, a prepaid credit card & access to the financial system in the digital age for every U.S. citizen.

[M. Reza Banki @MRezaBanki]

Financial institutions should be required to disclose more clearly why they deny accounts to the vast # of underbanked Americans. As a society we should guarantee a bank account — & access to the financial system — as a right to every American.

[M. Reza Banki @MRezaBanki]

Banks are effectively empowered to exclude US citizens from the financial system, that most basic tool for working, living & staying connected.