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Is SpaceX the Once‑in‑a‑Generation Investment Everyone Will Wish They Bought?
That opening line from Star Trek still packs a punch. It's arguably more relevant now than ever before, thanks to two developments. One is NASA's Artemis II launch, the first human moon mission in more than 50 years. The other is SpaceX's impending initial public offering (IPO).
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Tesla (NASDAQ: TSLA) CEO Elon Musk founded SpaceX in 2002 with a vision of one day colonizing Mars. SpaceX is now moving forward with an IPO that could value the company as much as $1.5 trillion. Is SpaceX the once-in-a-generation opportunity everyone will wish they bought?
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.
It’s not uncommon for large companies doing big deals to make demands of their bankers and lawyers.
But Elon Musk has made a particularly bold demand of his Wall Street advisers ahead of the initial public offering of his company SpaceX.
Mr. Musk is requiring banks, law firms, auditors and other advisers working on the I.P.O. to buy subscriptions to Grok, his artificial intelligence chatbot, which is part of SpaceX, according to four people with knowledge of the matter, who were not authorized to speak publicly about confidential discussions.
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