Reid Hoffman Calls xAI 'a Complete Train Wreck,' Sees Room for Both OpenAI and Anthropic

Fortune·low signal

In a June 24, 2026 Fortune interview, Reid Hoffman argued that SpaceX 'isn't an AI company' and labeled xAI 'a complete train wreck,' while contending the market is big enough for both OpenAI and Anthropic to win. The remarks land amid xAI's mounting losses, the departure of all 11 original cofounders by May 2026, and persistent benchmark underperformance — a useful contrarian counterweight to the SpaceX/xAI momentum narrative.