{"id":40804,"date":"2026-04-04T09:50:37","date_gmt":"2026-04-04T09:50:37","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=40804"},"modified":"2026-04-04T09:50:37","modified_gmt":"2026-04-04T09:50:37","slug":"elon-musk-asks-spacex-ipo-banks-to-buy-grok-ai-subscriptions-report","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=40804","title":{"rendered":"Elon Musk asks SpaceX IPO banks to buy Grok AI subscriptions: report"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p>Elon\u00a0Musk\u00a0is requiring banks and other advisers working on <a href=\"https:\/\/nypost.com\/2026\/04\/01\/business\/elon-musks-spacex-registers-to-take-rocket-maker-public-in-blockbuster-ipo-report\/\">SpaceX\u2019s planned IPO<\/a> to buy subscriptions to <a href=\"https:\/\/nypost.com\/2026\/03\/17\/business\/teen-girls-sue-elon-musks-xai-over-grok-chatbots-sexual-images-of-them\/\">Grok, his artificial intelligence chatbot<\/a>, the <a href=\"https:\/\/www.nytimes.com\/2026\/04\/03\/business\/spacex-ipo-grok-elon-musk.html\" target=\"_blank\" rel=\"noopener\">New York Times reported<\/a> Friday, citing people familiar with the matter.<\/p>\n<p>Some banks have agreed to spend tens of millions of dollars a year on the chatbot and have begun integrating it into their IT systems, the report said.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"38987092\"><br \/>\n\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/svg><br \/>\n<\/button><br \/>\n<figcaption>Elon Musk\u2019s SpaceX could become the largest initial public offering on record. <span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America\u00a0and Citigroup\u00a0are serving as\u00a0active bookrunners, or the lead banks managing the deal, Reuters reported earlier this week.<\/p>\n<p>Musk\u00a0and SpaceX did not respond to Reuters\u2019 requests for comment.<\/p>\n<p>JPMorgan Chase, Goldman Sachs,\u00a0Citigroup and Bank of America declined to comment. Morgan Stanley\u00a0did not immediately respond to Reuters\u2019 queries.<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>The Starbase, Texas-headquartered rocket maker boosted its target\u00a0initial public offering valuation above $2 trillion, according to a Bloomberg News report a day earlier, setting the stage for what could become the largest stock market listing on record.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"38987116\"><br \/>\n\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/svg><br \/>\n<\/button><br \/>\n<img loading=\"lazy\" style=\"aspect-ratio:1.49926794;display:block\" loading=\"lazy\" decoding=\"async\" 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sizes=\"auto, (max-width: 885px) 100vw, 885px\"\/><figcaption>Some banks have agreed to spend tens of millions of dollars a year on the chatbot and have begun integrating it into their IT systems, the report said. The Grok Imagine website, above. <span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The company aims to raise a\u00a0<a href=\"https:\/\/nypost.com\/2026\/04\/03\/business\/spacex-in-talks-with-saudi-arabias-public-investment-fund-about-potential-5b-investment-in-ipo-report\/\">record $75 billion<\/a>, which would dwarf previous mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/nypost.com\/2026\/04\/03\/business\/elon-musk-asks-spacex-ipo-banks-to-buy-grok-ai-subscriptions-report\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon\u00a0Musk\u00a0is 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 Friday,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":40805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-40804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/40804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40804"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/40804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/40805"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}