SpaceX bets $26.5 trillion AI future on struggling Grok as federal adoption stalls
SpaceX has positioned AI as the centerpiece of its IPO filing, claiming a $26.5 trillion market opportunity. But the Grok chatbot faces an uphill battle with minimal federal government adoption, declining downloads from 20 million to 8.3 million, and just 0.174% paid user conversion compared to ChatGPT's 6%. The company now leases its Memphis data center to competitor Anthropic for $1.25 billion monthly.