Musk requires banks buy Grok for SpaceX IPO

Elon Musk is reportedly insisting that financial institutions involved in the upcoming SpaceX IPO must purchase subscriptions to his AI chatbot, Grok. Several banks have allegedly agreed to invest tens of millions of dollars in the chatbot as a condition for participating in the IPO process. This move highlights Musk's strategy of leveraging his various ventures to promote and monetize his AI endeavors. The requirement raises questions about potential conflicts of interest and the independence of the IPO underwriting process, as financial advisors are pressured to adopt a specific AI product.