According to a recent LinkedIn post from Polymarket, Elon Musk is reportedly tying bank participation in a potential SpaceX IPO to the purchase of Grok subscriptions from xAI. The post describes SpaceX as targeting a $2 trillion valuation, which would place it among the largest IPOs historically and could significantly increase associated banking and advisory fees.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The company’s LinkedIn post highlights that major institutions such as Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are identified as bookrunners, with some banks said to be committing tens of millions of dollars per year to Grok. The post suggests that several banks have already begun integrating Grok, positioning Musk’s AI platform for accelerated enterprise adoption if the reported IPO conditions hold.
As shared in the LinkedIn post, the strategy appears to link access to a high-profile equity offering directly to uptake of Musk’s AI technology, effectively using a capital markets event to drive demand for xAI’s products. For investors, this could imply a potential uplift in xAI’s revenue visibility and ecosystem influence, while further reinforcing the network effects around Musk’s broader portfolio of ventures.
The LinkedIn post also notes that, despite this potential leverage, there is currently only a 2% implied probability that xAI will have the leading AI model by the end of June, underscoring investor skepticism about its near-term technological leadership. If accurate, the dynamic may frame xAI more as a distribution and monetization story tied to Musk’s deal-making power than as an immediate frontier leader in AI capabilities.