Elon Musk Asks SpaceX IPO Banks and Advisers to Purchase Costly Grok AI Subscriptions

Elon Musk is reportedly asking banks and other advisers working on SpaceX's planned initial public offering to buy subscriptions to Grok, the artificial intelligence chatbot linked to his business group. The reported requirement comes as SpaceX prepares for a public listing that could value the company at more than $2 trillion and raise about $75 billion. If those targets hold, the deal would rank above previous record IPOs by size.

Musk has told banks and other advisers that work on the SpaceX IPO comes with a requirement to purchase , according to people familiar with the matter cited in recent reporting. Some banks have reportedly agreed to spend tens of millions of dollars each year on the chatbot and have already started integrating it into internal technology systems.

The reported arrangement adds an unusual commercial condition to one of the biggest equity offerings in preparation. It also places Grok inside large financial firms at a time when companies are expanding spending on enterprise AI tools.

The reported requirement goes beyond banks alone. It also covers advisers involved in the offering process, including other professional service firms attached to the listing. The push gives Grok a direct route into large institutions through a deal that many firms want to join because of its size and visibility.