IHRA Owner Darryl Cuttell Alleges Musk's SpaceXAI Owes His Company $570 Million Amid Series Collapse
The owner of the International Hot Rod Association has alleged that Elon Musk's company SpaceXAI owes his separate construction business nearly $570 million in unpaid dues for data center work, a claim surfacing even as Cuttell's drag racing series faces its own mounting financial crisis and unpaid vendors.
Darryl Cuttell, CEO of Hamilton, Ohio-based Darana Hybrid, an electro-mechanical industrial contractor, alleges that SpaceXAI owes his company roughly $570 million for construction work performed on data center projects in Tennessee and Mississippi, according to a report published Friday by the Daily Memphian. The Daily Memphian reported that Darana Hybrid filed two mechanics' liens this week totaling approximately $137 million, which Cuttell said represent only a portion of what his company claims remains unpaid from roughly $1.5 billion in total work performed for Musk's companies beginning in 2024. The $570 million figure amounts to roughly 40% of that overall contracted work.
According to Cuttell's allegations, payments for the completed construction work stopped arriving after xAI and SpaceX formally merged earlier this year, with Darana Hybrid claiming the combined company has yet to pay nearly $200 million owed to vendors. The Memphis Business Journal first reported the underlying lien filings. As of the most recent reporting, SpaceXAI had not........
