Elon Musk Demands Banks Working on SpaceX IPO Buy Grok Subscriptions

Elon Musk is reportedly requiring that banks seeking to underwrite SpaceX's anticipated IPO purchase subscriptions to Grok, the AI chatbot developed by his xAI company. The unusual demand leverages SpaceX's enormous market power to boost adoption of Musk's competing AI product, blurring the lines between his sprawling business empire. The move raises questions about potential conflicts of interest and the growing concentration of power across Musk's interconnected ventures.