News Summary

Elon Musk has mandated that banks and advisers involved in SpaceX’s upcoming initial public offering (IPO) subscribe to Grok, his artificial intelligence chatbot. This requirement applies to major financial institutions, including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup, who are set to work on the IPO. These banks have reportedly agreed to spend tens of millions of dollars annually on the chatbot and have begun integrating it into their IT systems. The IPO, filed confidentially, is expected to raise over $50 billion, valuing SpaceX at over $1 trillion. The decision to mandate Grok subscriptions is seen as part of the privilege of working on this significant financial deal.