Banks working on the SpaceX IPO reportedly have to subscribe to Grok

## Summary
He reportedly set a condition for banks, law firms, auditors and advisors who want to work on the SpaceX IPO. Rather, Musk insisted they subscribe to Grok as part of the privilege of working on SpaceX's IPO. Advertisement Advertisement Advertisement Five banks are expected to work on the IPO: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley. With banks set to rake in over $500 million from their work on the deal, perhaps paying for Grok, despite its myriad issues , seemed a small price to pay.

## Article Content
Julia Beverly via Getty Images
Cutthroat capitalism sure does bring out the best in humanity. Take, for example, Elon Musk. He reportedly set a condition for banks, law firms, auditors and advisors who want to work on the SpaceX IPO. They're required to subscribe to the
bastion of nonconsensual deepfakes
and occasional
Hitler praise
known as Grok.
Surely the best and brightest banks our nation has to offer would refuse such a pay-to-play demand, right? Well, no.
The New York Times
reports
that some of them have agreed to spend tens of millions of dollars on Grok. Those financial institutions are said to already be integrating the chatbot into their IT systems.
The
Times'
sources say this wasn't a no-strings request. Rather, Musk insisted they subscribe to Grok as part of the privilege of working on SpaceX's IPO. He also reportedly asked the banks to advertise on X, but was less firm about that. See? He's a flexible, easy-going guy at heart.
Advertisement
Advertisement
Advertisement
Five banks are expected to work on the IPO: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley. Meanwhile, the law firms Gibson Dunn and Davis Polk are said to be advising. We can probably assume that all of them are currently installing Grok on their internal systems. Good times.
SpaceX's IPO,
filed confidentially earlier this week
, is expected to raise over $50 billion and value the company at over $1 trillion. With banks set to rake in over $500 million from their work on the deal, perhaps paying for Grok, despite
its myriad issues
, seemed a small price to pay. See? Just outstanding people doing upstanding things in the good ol' US of A.
If you buy something through a link in this article, we may earn commission.
About our ads

---

## Expert Analysis

### Merits
N/A

### Areas for Consideration
N/A

### Implications
- If you buy something through a link in this article, we may earn commission.

### Expert Commentary
This article covers banks, grok, ipo topics. Readability: Flesch-Kincaid grade 0.0. Word count: 301.