Elon Musk Requires Banks Advising on SpaceX IPO to Subscribe to His AI Chatbot, Grok
Elon Musk has mandated that banks, law firms, and auditors involved in SpaceX's historic $1.75 trillion IPO must subscribe to his AI chatbot, Grok. This move is seen as a way to generate recurring enterprise revenue for xAI, which now owns Grok. The requirement has led some banks to spend tens of millions on integrating Grok into their systems.
Topics: AI chatbot Banks Elon Musk Grok IPO Regulatory Filing SpaceX