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Musk Sues OpenAI CEOs for $150 B, Trial Threatens IPO

4/30/2026

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Summary

Story summary

Tesla CEO Elon Musk sued OpenAI, OpenAI CEO Sam Altman and Greg Brockman in Oakland to force the firm back to nonprofit status.
He seeks $150 billion in damages, alleging Sam Altman and Greg Brockman turned the nonprofit into a for-profit juggernaut after a March 2019 restructuring that raised $122 billion and valued the company at $852 billion.
The trial began April 28-29 2026 before a nine-person jury, with a verdict that could block OpenAI’s IPO.

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Story summary

Tesla CEO Elon Musk sued OpenAI, OpenAI CEO Sam Altman and Greg Brockman in Oakland to force the firm back to nonprofit status.
He seeks $150 billion in damages, alleging Sam Altman and Greg Brockman turned the nonprofit into a for-profit juggernaut after a March 2019 restructuring that raised $122 billion and valued the company at $852 billion.
The trial began April 28-29 2026 before a nine-person jury, with a verdict that could block OpenAI’s IPO.