xAI AI Updates: April 7, 2026

1. Musk Requires SpaceX IPO Banks to Purchase Grok AI Subscriptions

xAI. Per a New York Times report, Elon Musk is requiring banks and advisers working on SpaceX’s planned IPO (targeting a $2+ trillion valuation) to purchase Grok AI subscriptions. Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners, with some already agreeing to spend tens of millions of dollars annually on Grok and beginning to integrate the chatbot into their internal systems. This follows SpaceX’s February 2026 acquisition of xAI. Source