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

Banks and other firms that want to work on SpaceX's initial public offering (IPO) are being required to buy subscriptions to the Grok AI service, The New York Times reported today.

Elon Musk "is requiring banks, law firms, auditors and other advisers working on the IPO to buy subscriptions to Grok, his artificial intelligence chatbot that is part of SpaceX," the NYT wrote, citing anonymous sources who are familiar with the confidential negotiations. "Some of the banks have agreed to spend...