Elon Musk requires participants in SpaceX's first IPO to subscribe through Grok and integrate it into their own systems.

MarsBitNews · 2026-04-06T01:34:03+00:00

Elon Musk has asked the banks and advisory firms involved in SpaceX’s first IPO to purchase Grok subscription services, with some banks already agreeing to commit tens of millions of dollars. Even though he still has additional advertising requests, his insistence on Grok has been even more forceful. SpaceX’s IPO target valuation has been raised to over $2 trillion, drawing active interest and participation from Wall Street.

MarsBitNews

2026-04-06 01:34:03

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According to 1M AI News monitoring, Musk has instructed the banks, law firms, audit firms, and other advisory institutions taking part in SpaceX’s first IPO that they must purchase Grok subscription services as one of the conditions for participating in the deal. Some banks have already agreed to allocate tens of millions of dollars per year for Grok subscriptions and have started integrating them into their own IT systems and corporate infrastructure. In addition to Grok subscriptions, Musk has also previously asked these banks to run ads on the X platform, but the requirements for the ads are relatively less strict. The requirement for Grok subscriptions is not a “proactive show of goodwill” from the banks, but rather a condition that Musk has explicitly insisted on. Participating industry giants include Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup, among others. SpaceX recently raised its IPO target valuation to more than $2 trillion, and it may even become the largest IPO in history, which has strengthened the willingness of Wall Street institutions to participate; as a result, Musk’s multiple conditions are being met with comparatively greater cooperation.

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