Unbelievable, Musk is now bundling Wall Street with his sales tactics. According to The New York Times, banks that want to participate in underwriting the SpaceX IPO must purchase a Grok subscription. Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citibank—the big five—have already agreed to spend tens of millions of dollars annually on Grok and are starting to integrate it into their internal IT systems. This could be the biggest IPO in history—with a target valuation of over $2 trillion and $75 billion in fundraising, smashing the records set by Saudi Aramco and Alibaba. The backstory is that in February this year, SpaceX acquired xAI in an all-stock deal (valued at $250 billion at the time), integrating Grok and X into SpaceX’s ecosystem. In other words, Musk is using SpaceX’s IPO ticket to force enterprise clients onto xAI’s products. At a 1-2% fee rate, a $75 billion IPO means $750 million to $1.5 billion in underwriting fees—spending a few million on Grok is practically pocket change. The banks know it’s bundling, but with such massive underwriting fees on the table, no one dares to say no.