Elon Musk requires banks working on SpaceX IPO to purchase Grok AI subscriptions
Elon Musk is requiring investment banks, law firms, and advisors working on SpaceX's initial public offering to buy subscriptions to Grok, his artificial intelligence chatbot. Some banks have agreed to spend tens of millions of dollars and begun integrating the AI into their IT systems. The SpaceX IPO could raise $75 billion at a valuation above $2 trillion, making it potentially the largest stock market listing in history.