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

Elon Musk has reportedly demanded that banks underwriting the SpaceX IPO must purchase Grok subscriptions as a condition of involvement, merging high finance with unusual product bundling in a move that raises governance concerns. According to three anonymous sources close to negotiations, the requirement adds $2 million per institution in annual subscription costs, directly affecting the IPO's fee structure.