# Elon Musk wants banks to advise on SpaceX IPO to first buy subscriptions to his AI chatbot, Grok.

*business · news · 2026-04-13 · The Irish Times*

## Key points

- Elon Musk is requiring banks to buy Grok AI subscriptions to advise on the SpaceX IPO.
- Some banks have spent tens of millions of dollars on Grok subscriptions to secure IPO roles.
- Nasdaq will allow SpaceX to join the Nasdaq-100 just 15 days after listing, bypassing norms.
- S&P Dow Jones and FTSE are considering or implementing unprecedented fast-track index inclusion for SpaceX.

**Companies:** SpaceX
**Countries:** United States

[Read the full story on The Irish Times](https://www.irishtimes.com/your-money/2026/04/13/spacex-ipo-shows-how-wall-street-bends-to-musk/)

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