Musk Insists Sam Altman ‘Stole A Charity:’ Here’s What Prediction Markets Say About OpenAI’s IPO Now

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Elon Musk lost his lawsuit against Sam Altman and OpenAI on Monday in under two hours, removing the last major legal overhang before one of the most anticipated tech IPOs in years.

A federal jury in Oakland, California ruled that Musk’s claims were filed too late under the three-year statute of limitations.

The jury determined Musk knew about OpenAI’s pivot to a commercial structure years before he filed in 2024. Judge Yvonne Gonzalez Rogers adopted the verdict on the spot.

The Tesla Inc. (NASDAQ:TSLA) CEO took to X to call the ruling a “calendar technicality” and accused Altman and OpenAI President Greg Brockman of “stealing a charity.”

“The only question is WHEN they did it,” Musk wrote, vowing to file an appeal with the Ninth Circuit.

A Three-Week Trial That Got Personal

OpenAI’s lawyers framed the suit as a bitter competitor using the courts …

Full story available on Benzinga.com

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