After Musk’s lawsuit against OpenAI was dismissed, Sam Altman can potentially reap financial benefits. OpenAI, despite reportedly losing money and struggling to convert users to paid customers, is drawing interest from investors who believe it could be valued at $1 trillion if it goes public soon. With Musk’s lawsuit no longer an obstacle, OpenAI’s IPO is expected to happen as early as this Friday, with shares debuting on the NYSE possibly by September. Meanwhile, Elon Musk, planning to appeal the lawsuit’s verdict, is busy with SpaceX’s own IPO preparations. There’s mystery about how much Altman will gain from this IPO. Although Altman once claimed he had no financial interest in OpenAI, recent developments suggest otherwise, prompting a probe into deals with other companies he’s invested in. As OpenAI prepares for a potentially massive payday, questions about Altman’s transparency linger.
Insiders Report OpenAI IPO Imminent
1 Min Read