Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports

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Advertisement Business Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports FILE PHOTO: SpaceX's logo and an Elon Musk photo are seen in this illustration created on December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo 04 Apr 2026 02:15AM (Updated: 04 Apr 2026 02:28AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Click here to return to FAST Tap here to return to FAST FAST April 3 : Elon Musk is requiring banks and other advisers working on SpaceX’s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on Friday, citing people familiar with the matter. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday.

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Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports
FILE PHOTO: SpaceX's logo and an Elon Musk photo are seen in this illustration created on December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
04 Apr 2026 02:15AM
(Updated: 04 Apr 2026 02:28AM)
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April 3 : Elon Musk is requiring banks and other advisers working on SpaceX’s planned IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported on Friday, citing people familiar with the matter.
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.
Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup are serving as active bookrunners, or the lead banks managing the deal, Reuters reported earlier this week.
Musk and SpaceX did not respond to Reuters' requests for comment.
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JPMorgan Chase and Goldman Sachs declined to comment. Bank of America, Morgan Stanley and Citigroup did not immediately respond to Reuters' queries.
The Starbase, Texas-headquartered rocket maker boosted its target initial 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.
The company aims to raise a record $75 billion, which would dwarf previous mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014.
Source: Reuters
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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less JPMorgan Chase and Goldman Sachs declined to comment.

### Implications
- Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup are serving as active bookrunners, or the lead banks managing the deal, Reuters reported earlier this week.
- The Starbase, Texas-headquartered rocket maker boosted its target initial 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.

### Expert Commentary
This article covers fast, reuters, news topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 471.