# The move is a big win for Grok, which ranks fourth in the AI race behind ChatGPT, Claude, and Google’s Gemini.

*fintech · news · 2026-04-06 · Entrepreneur*

## Key points

- Elon Musk is requiring IPO advisors to purchase Grok AI subscriptions as a condition for involvement.
- Some banks have already agreed to spend tens of millions on Grok subscriptions for the SpaceX IPO.
- SpaceX’s IPO is expected to raise over $50 billion at a valuation above $1 trillion.
- Grok AI has faced bans in Indonesia and Malaysia due to controversial content generation.

**Companies:** SpaceX, Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Grok
**Countries:** Indonesia, Malaysia

[Read the full story on Entrepreneur](https://www.entrepreneur.com/business-news/elon-musk-has-a-strange-requirement-for-banks)

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