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Jury Finds Musk’s OpenAI Lawsuit Time-Barred

The ruling clears a near-term path to a potential IPO.

Overview

  • OpenAI prevailed Monday after a unanimous nine-person jury in Oakland found Elon Musk filed his 2024 case past the legal deadline.
  • Judge Yvonne Gonzalez Rogers accepted the jury’s conclusion and closed the case without issuing a ruling on the allegations.
  • The court never reached the core dispute over whether about $38 million in Musk’s early donations were diverted for private gain.
  • Musk plans to appeal, with attorney Marc Toberoff saying the fight is not over.
  • The outcome removes an immediate legal risk to OpenAI’s fundraising plans, including a possible IPO, as the company cites roughly 900 million weekly users and a valuation near $850 billion.