{"id":7299,"date":"2026-04-03T19:23:09","date_gmt":"2026-04-03T19:23:09","guid":{"rendered":"https:\/\/www.europesays.com\/people\/7299\/"},"modified":"2026-04-03T19:23:09","modified_gmt":"2026-04-03T19:23:09","slug":"spacex-ipo-elon-musk-spacex-ipo-elon-musk-asks-spacex-ipo-banks-to-buy-grok-ai-subscriptions-heres-why","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/people\/7299\/","title":{"rendered":"SpaceX IPO Elon Musk: SpaceX IPO: Elon Musk asks SpaceX IPO banks to buy Grok AI subscriptions. Here&#8217;s why"},"content":{"rendered":"<p><a data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/m.economictimes.com\/panache\/panache-people-101\/elon-musk\/profileshow\/79257472.cms\" rel=\"nofollow noopener\">Elon Musk<\/a> is requiring banks and other advisers working on SpaceX\u2019s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on Friday, \u200cciting people \u2060familiar \u2060with the matter. Elon Musk&#8217;s SpaceX boosted its target IPO valuation above $2 trillion, Bloomberg News reported on Thursday setting \u200cthe stage for \u2060what \u2060could become the largest stock market listing on record.<\/p>\n<p>Some banks have agreed to spend \u200btens of millions of dollars a year on the \u200bchatbot and have begun integrating it into their IT systems, the report \u200bsaid.<br \/>Morgan Stanley, Goldman Sachs, \u2060JPMorgan Chase , \u200cBank of America and \u200bCitigroup \u200bare serving as active bookrunners, or \u2060the lead banks managing the deal, Reuters \u200breported earlier this week, Reuters reported.<\/p>\n<p>SpaceX, based in Starbase, Texas, submitted confidential IPO paperwork with the U.S. Securities and Exchange Commission recently and \u200cis targeting a market launch later this year.<\/p>\n<p>The \u200bIPO comes \u200bafter \u2060Musk merged SpaceX with artificial intelligence startup xAI in a deal that valued \u200bthe rocket company at $1 trillion and the developer of the Grok chatbot at $250 billion.<\/p>\n<p><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/04\/118783427.cms.png\" width=\"90%\"\/>Live Events<br \/>The Starbase, Texas-headquartered rocket maker boosted its target \u200cinitial public offering valuation above $2 trillion, according to a Bloomberg News \u200breport \u200ba day \u2060earlier, setting the stage for what could become the largest stock market listing on record.<br \/>The company \u200baims to raise a record $75 billion, which would dwarf previous mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk is requiring banks and other advisers working on SpaceX\u2019s planned IPO to buy subscriptions to Grok,&hellip;\n","protected":false},"author":2,"featured_media":7300,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[122],"tags":[202,7173,7174,203,3104,7172,3110],"class_list":["post-7299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-elon-musk","tag-elon-musk","tag-grok-ai-subscriptions","tag-ipo-banks","tag-musk","tag-spacex-ipo","tag-spacex-ipo-elon-musk","tag-spacex-valuation"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@people\/116342411053037511","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/7299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/comments?post=7299"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/posts\/7299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media\/7300"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/media?parent=7299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/categories?post=7299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/people\/wp-json\/wp\/v2\/tags?post=7299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}