Sunday, 5 April, 2026
Elon Musk Pressures SpaceX IPO Banks to Buy Grok AI Subscriptions
By Isha
Elon Musk has reportedly asked banks and advisors managing SpaceX’s upcoming IPO to purchase subscriptions for his AI chatbot, Grok. According to the New York Times, several major financial institutions have already agreed to spend tens of millions of dollars annually on the service. This move seeks to boost revenue for xAI—recently merged with SpaceX—as the aerospace giant targets a record-breaking $2 trillion valuation.
Read full story at Money Control