SpaceX IPO Plans and X Subscription Requirements

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Nate

·4 months ago
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The New York Times reports that the #SpaceX 🚀 founder/CEO has made X subscriptions mandatory for any bank, law firm, auditor, or advisor who wants to work with the rocket company on developing its IPO plans. According to NYT, some of these institutions are spending tens of millions on X and Grok, in hopes of ingratiating themselves with Musk and his companies ahead of any initial public offering. If it works out, this is a fairly reasonable investment. The SpaceX IPO is anticipated to bring in more than $50 billion in fresh capital at a $1 trillion plus valuation. The associated fees would more than pay Goldman Sachs back for any and all stray token expenditures this month. https://www.nytimes.com/2..
Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok
www.nytimes.com

Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok

Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.

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