# The move is tied to SpaceX's planned IPO, one of the most anticipated in history.

*business · news · 2026-04-06 · TechStartups.com*

## Key points

- Elon Musk is requiring SpaceX IPO advisers to purchase subscriptions to his AI chatbot Grok.
- Some banks have agreed to spend tens of millions annually and are integrating Grok into their systems.
- Major banks like Morgan Stanley, Goldman Sachs, JPMorgan, Bank of America, and Citigroup are involved.
- SpaceX has raised its target valuation to over $2 trillion and aims to raise $75 billion in the IPO.
- Musk is leveraging the IPO to drive Grok adoption among top financial institutions.

**Companies:** SpaceX, Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup
**Countries:** United States

[Read the full story on TechStartups.com](https://techstartups.com/2026/04/06/elon-musk-asks-spacex-ipo-banks-to-buy-grok-ai-subscriptions-to-join-2-trillion-ipo-nyt-reports/)

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