Musk Asks SpaceX's First IPO Participants to Subscribe to Grok and Integrate It into Their Own Systems

According to 1M AI News monitoring, Musk has requested banks, law firms, audit firms, and other advisory firms involved in SpaceX's first IPO to purchase a Grok subscription as one of the conditions for participating in the transaction. Some banks have currently agreed to invest tens of millions of dollars annually in Grok subscriptions and have begun integrating it into their own IT systems and corporate infrastructure.

In addition to the Grok subscription, Musk has also requested these banks to advertise on the X platform, but the advertising requirement is relatively less stringent. The requirement for Grok subscription is not a proactive move by the banks but a condition that Musk explicitly insists on. Participating banking giants include Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup, among others.

SpaceX recently raised its IPO target valuation to over $2 trillion, potentially becoming the largest IPO in history, strengthening Wall Street institutions' intention to participate, hence their relatively cooperative attitude towards Musk's multiple conditions.