Banks and firms involved in SpaceX's IPO must buy subscriptions to Elon Musk’s Grok AI service. Some banks are reportedly spending tens of millions to integrate Grok into their systems. SpaceX recently filed its IPO paperwork amid ongoing legal issues related to Grok's AI technology.

SpaceX is exploring the development of a Starlink-branded phone that would connect directly to its satellite constellation. Although details are still vague, Elon Musk has suggested that the device could be optimized for specific uses, such as running neural networks. Starlink is a significant revenue source for SpaceX, contributing to its overall financial success.