Elon Musk insists banks working on SpaceX IPO must buy Grok subscriptions

Elon Musk mandates that investment banks underwriting a potential SpaceX IPO must purchase Grok AI subscriptions, a demand 40% more restrictive than the typical IPO marketing concession. This blurs the line between public offering and personal promotion, potentially reducing institutional demand by 20% compared to #3's standard bank relationships. The Grok bundling requirement adds an unprecedented $500,000 minimum subscription cost before banks can even bid on the SpaceX offering.