Musk loses lawsuit against OpenAI! $134 billion damages claim falls through, biggest legal obstacle to Altman's IPO push lifted

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A federal court jury in Oakland, California spent just 2 hours reaching a verdict: Musk's lawsuit against OpenAI exceeded the statute of limitations, and his $134 billion damages claim came up entirely empty. This ruling not only ends the litigation but directly clears the largest legal obstacle for OpenAI's IPO, which could launch as early as this year. (Background: Musk filed an injunction to "block OpenAI's conversion to a for-profit enterprise," listing four major charges: monopolizing the AI market, benefiting Microsoft...) (Background supplement: OpenAI counters Musk's hostile takeover! Plans to grant the non-profit board "special voting rights" to prevent hostile acquisition) After hours of deliberation, nine jurors at the Oakland federal court in California concluded on Monday Musk's two-year-long legal battle with OpenAI, finding that when he filed suit in 2024, the statute of limitations had long since expired, and his $134 billion damages lawsuit came up entirely empty. The jury pointed out that Musk actually knew around the time he left OpenAI in 2018 that the organization was moving toward commercialization, and should not have waited until 2024 to file suit. District Judge Rogers stated: "I believe there is substantial evidence supporting the jury's findings," and promptly accepted the jury's recommendation, ruling that OpenAI, Altman, and President Greg Brockman did not violate the law, and that Microsoft was not involved in assisting any violation of charitable trust. However, losing the case has not made Musk back down. His attorney Marc Toberoff openly fired back after the verdict: "This is fundamentally an injustice. If it weren't for Musk, they would have gotten away with it, and they shouldn't." Musk himself has also vowed to appeal. Meanwhile, his xAI will continue to pursue allegations of monopoly and trade secret theft against OpenAI and Microsoft through a separate lawsuit. Microsoft welcomed the verdict. OpenAI's attorneys fired even more directly: "The jury's verdict confirms that this lawsuit was a hypocritical act by a hypocrite trying to attack competitors." For OpenAI, the significance of this ruling goes far beyond winning the case. With the legal cloud finally cleared, the IPO plan valued at $852 billion officially gains room to proceed. OpenAI just completed a $122 billion funding round in March 2026, with joint lead underwriters including Goldman Sachs, JPMorgan, and Morgan Stanley, targeting a listing as early as Q4 2026. However, analysts caution that market window conditions vary, and the actual listing time could be delayed until mid-to-late 2027. Northwestern University law professor Horwitz pointed out that even with this case concluded, whether OpenAI is actually fulfilling its non-profit obligations will continue to be scrutinized by outside observers in the future. Musk lost this lawsuit, but the questions he raised will not disappear along with the jury's verdict. The origin of this lawsuit can be traced back to OpenAI's founding in 2015. Musk was one of the co-founders, donating $38 million in total and championing the advancement of AI research in a "non-profit" form. However, in 2018, after a power struggle with CEO Sam Altman and President Greg Brockman, he left, and has since watched OpenAI bring in tens of billions of dollars in investment from Microsoft, with its valuation soaring to $852 billion, becoming the hottest AI company in the world. In 2024, Musk finally took action, accusing Altman and Brockman of "stealing a charitable organization" by transforming the non-profit into a company pursuing commercial interests, and arguing that the two had been unjustly enriched, seeking $134 billion in damages.

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