Banks must subscribe to Musk’s Grok to advise on SpaceX IPO

Elon Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot Grok if they want to advise on SpaceX's IPO. The New York Times reports the requirement will force some banks to pay tens of millions of dollars annually for Grok subscriptions. The move gives Musk leverage over advisers, raises data control and conflict of interest concerns, and sets a new precedent for underwriting access.