Sam Altman told the US Senate under oath "I HAVE NO EQUITY IN OPENAI."

He is now set to receive a $10 billion stake in the company he turned from a nonprofit into an $852 billion business.

And Elon Musk is taking him to court for it and trial just started in Oakland today. Musk is suing for $150 billion and wants Altman removed from OpenAI.

Musk co-founded OpenAI in 2015 as a nonprofit and put in $44 million of the earliest funding. The mission was to build AI safely for humanity, not for profit.

After Musk left in 2018, Altman and Brockman created a for profit subsidiary and converted the entire company into an $852 billion for profit entity. They raised $122 billion in their most recent round. An IPO could value them at $1 trillion.

Brockman's own diary entry from 2017 is the most damaging evidence. After telling Musk in a meeting that OpenAI would stay nonprofit, Brockman privately wrote "if three months later we're doing b-corp then it was a lie." He also wrote "it would be nice to be making the billions."

In a separate message Brockman wrote "this is the only chance we have to get out from Elon" and asked "what will take me to $1 B?"

He was chairman of Oklo, a nuclear energy company that went public through his own SPAC. He only stepped down in April 2025 to "avoid conflict of interest" and "open up future deals between OpenAI and Oklo."

His personal portfolio includes stakes in over 400 companies worth $2.8 billion. Many of them operate in sectors where OpenAI does business. His salary at OpenAI is $66,000 a year. His real wealth comes from deals he makes on the side while running the company.

Musk wants Altman and Brockman removed, the for-profit conversion reversed, and $150 billion sent back to OpenAI's nonprofit foundation. He says he does not want a single dollar for himself.

If Musk wins, OpenAI's IPO could be killed. If he loses, Altman walks away with $10 billion in equity from a company built on $44 million of someone else's charitable donations.