Elon Musk Leverages SpaceX's Record IPO To Force Banks Into Grok Subscriptions: Report

Elon Musk has required banks and advisors involved in SpaceX's upcoming IPO to purchase subscriptions to the AI chatbot Grok, with some banks reportedly agreeing to spend millions annually on it. SpaceX aims for a record IPO valuation of over $2 trillion and plans to raise $75 billion, potentially making it the largest stock market listing in history. Major banks like Morgan Stanley, Goldman Sachs, and JPMorgan Chase are managing the IPO, while international banks are also participating in share distribution.