Elon Musk Takes Stand Against OpenAI, Calls It Charity 'Looting' As Rival Fires Back With His Own Emails

Apr 29, 2026
Bloomberg.com
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Summary

Elon Musk takes the stand in federal court, accusing OpenAI co-founders of 'looting' a charity through its for-profit conversion, while OpenAI's attorneys strike back with Musk's own emails showing he once supported the very restructuring he now seeks to unwind in court.

Key Points

  • Elon Musk takes the stand in a federal trial in Oakland, California, testifying that he is suing OpenAI co-founders Sam Altman and Greg Brockman to stop what he calls the 'looting' of a charity, warning the case could set a legal precedent affecting nonprofits across America.
  • OpenAI's attorney fires back, arguing Musk's lawsuit is primarily a competitive attack on a rival to his own AI company, xAI, and reveals emails showing Musk himself once advocated for converting OpenAI into a for-profit entity in its early years.
  • The three-week trial carries major stakes for OpenAI's future, as the company nears a trillion-dollar valuation and eyes a historic public offering, with Musk seeking a court order to unwind the for-profit restructuring completed in October.

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