American billionaire Mark Cuban has now publicly clashed with Tesla CEO Elon Musk’s claim that “working will be optional in the future”. In a detailed post shared on social media platform on X (formerly known as Twitter), Cuban outlined the potential risks companies could face if humanoid robots and AI replace human workers. He also drafted a mock IPO risk disclosure warning that governments cloud impose unpredictable new taxes such as a robot utilisation tax or token utilisation tax which could “completely change the economics of our industry” and impact shareholder returns.In the filing Cuban also flagged the risks around market infrastructure. He suggested that Nasdaq may struggle to implement AI systems effectively, raising the possibility that a company’s stock might not be tradable at all. As a contingency, Cuban proposed tokenisation on a Grok-created blockchain, which he said could go live if needed.
AI and legal system challenges
Cuban revealed that 87% of his mock prospectus was generated by Grok, Musk’s AI chatbot, calling it a glimpse into the future of SEC disclosures. He described the legal framework around securities and contracts as “insane” and outdated, arguing that automation will force regulators to rethink compliance.Cuban’s warnings echo broader discussions in the financial world. Venture capitalist Tim Draper recently told Benzinga that he envisions raising capital, paying employees, and settling taxes entirely via Bitcoin blockchain smart contracts. Cuban’s mock filing highlights how automation risks are already being debated at the highest levels of finance.
SpaceX IPO context
Cuban’s comments come as Musk is reportedly weighing an unusually large retail allocation — as much as 30% — for the upcoming SpaceX IPO, compared to the typical 5–10% in U.S. listings. Cuban quipped that he “can’t wait to read the IPO risk filing,” underscoring his skepticism about Musk’s vision of a future where work is optional.
Read Mack Cuban’s complete post here
I can’t wait to read the Risks section of your IPO Prospectus and future SEC filingsRisks: within the next 4 years we expect to completely recreate all processes and procedures in each organization to optimize the replacement of humans with humanoids and AI. In doing so, we face not only competitive and customer risks, but our future is dependent on our ability to acquire or synthesize intellectual property with which to train Grok and any current or future models that we will use to run our companies We also face tax risks. In the event our prediction that work will be optional is actualized , we expect local, state and federal governments to institute new and unpredictable taxes including a robot utilization tax, a token utilization tax and who the fuck knows what else. This could completely change the economics of our industry and impact our ability to be profitable and offer shareholder returns Trading of our Stock. In an AI driven stock market it is feasible the market infrastructure of the incumbent platform we have chosen , NASDAQ, may not be able to implement AI effectively, impacting whether or not our stock can be traded. As a back up plan we have chosen tokenization on the new Grok blockchain that Grok created, and will go live at the point it is needed. Disclosures. This prospectus was created in a human, AI partnership with 87 percent of the words presented in the prospectus generated by Grok The future of SEC disclosures is going to be insane. Contractual protections are going to be insane. The future is now. Our legal system is yesterday.
