Elon Musk asks SpaceX IPO banks to buy Grok AI subscriptions: report | Latest Tech News
Elon Musk is requiring banks and other advisers working on SpaceX’s deliberate IPO to buy subscriptions to Grok, his artificial intelligence chatbot, the New York Times reported Friday, citing people acquainted with the matter.
Some banks have agreed to spend tens of hundreds of thousands of {dollars} a yr on the chatbot and have begun integrating it into their IT systems, the report said.
Elon Musk’s SpaceX might grow to be the biggest initial public offering on document. AP
Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup are serving as energetic bookrunners, or the lead banks managing the deal, GWN reported earlier this week.
Musk and SpaceX didn’t reply to GWN’ requests for remark.
JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America declined to remark. Morgan Stanley didn’t immediately reply to GWN’ queries.
The Starbase, Texas-headquartered rocket maker boosted its goal initial public offering valuation above $2 trillion, according to a Bloomberg News report a day earlier, setting the stage for what might grow to be the biggest stock market itemizing on document.
Some banks have agreed to spend tens of hundreds of thousands of {dollars} a yr on the chatbot and have begun integrating it into their IT systems, the report said. The Grok Imagine web site, above. Getty Images
The company goals to raise a document $75 billion, which might dwarf earlier mega-IPOs such as Saudi Aramco in 2019 and Alibaba in 2014.
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