Nonilex4h ago

#ElonMusk has made a particularly bold demand of his #WallStreet advisers ahead of the #IPO of #SpaceX.

#Musk is requiring banks, law firms, auditors & other advisers working on the IPO to buy subscriptions to #Grok, his #AI #chatbot, which is part of SpaceX, acc/to 4 people with knowledge….

Some of the banks have agreed to spend tens of millions on the chatbot, & they have already started integrating Grok into their #IT systems….

#tech #business #law #SEC #antitrust
https://www.nytimes.com/2026/04/03/business/spacex-ipo-grok-elon-musk.html?smid=nytcore-ios-share

Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok

Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.

The New York Times
Show threadNonilex3h ago

…Musk’s ability to secure #business from the banks for his #AI #chatbot shows the enormous sway of the world’s richest man over a banking sector clamoring for his business now & into the future.

The banks’ purchases of #Grok subscriptions were not merely good-will gestures, acc/to 3 people with knowledge of the arrangements. #Musk insisted that they purchase the chatbot services. He has also asked the banks to advertise on #X, …but was less adamant about that request, acc/to 2 of those people.

Show threadyuhasz01

@Nonilex

Musk actions are bribes or protection money.....Either way, corrupt and illegal

7:44pmWeb