Anonymousabout 2 hours ago
Elon Musk is requiring the banks, law firms, and advisers vying for roles in SpaceX's planned $75 billion IPO — expected to value the company at $1.75 trillion — to purchase enterprise subscriptions to Grok, the AI chatbot built by his recently merged subsidiary xAI. The arrangement, which could funnel tens of millions of dollars per institution to a Musk-controlled product, raises questions about tying arrangements under antitrust law, underwriter conflicts of interest under FINRA rules, and prospectus disclosure obligations for what would be the largest public offering in history.