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OpenAI Mulls IPO, $30 B Stake Valued, Musk Exits

5/5/2026

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Story summary
  • Greg Brockman told the court OpenAI is actively considering an IPO while the nonprofit foundation retains oversight.
  • He testified his stake is valued at nearly $30 billion.
  • He said OpenAI remains under nonprofit foundation control while its for-profit arm operates as a public-benefit corporation.
  • He noted Elon Musk stopped donating in 2017, left the board in 2018, and declined to return the $30 billion wealth when asked.