OpenAI Co-Founder Testifies on $30 Billion Stake Amid Elon Musk Lawsuit

Bearish (-0.3)Impact: High

Published on May 4, 2026 (4 hours ago) · By Vibe Trader

OpenAI co-founder and President Greg Brockman testified in court that his stake in the company is worth nearly $30 billion, a figure highlighted by co-founder Elon Musk in his lawsuit against Brockman and OpenAI CEO Sam Altman. Musk alleges that Brockman and Altman unlawfully converted OpenAI from a nonprofit organization into a for-profit business, which is now best known for creating the artificial intelligence app ChatGPT [1].

During the fourth day of the trial, Brockman faced intense questioning from Musk's lawyer, Steven Molo, who pressed him to reconcile his significant personal wealth with OpenAI's stated mission to benefit all of humanity. Brockman responded that compensation was secondary to the mission and emphasized that the mission has not changed, even after the board sold equity stakes to outside investors [1].

The trial has drawn attention due to its potential to reshape OpenAI as an organization and influence the broader AI industry. It has also featured combative exchanges, including Molo comparing Brockman to a 'guy who robs a bank,' a remark struck from the record by U.S. District Judge Yvonne Gonzalez Rogers. Brockman defended his position, stating that he received his stake in 2018, before ChatGPT's release, and that he did not participate in the board vote granting him the stake. He also testified that OpenAI remains controlled by a nonprofit foundation, with its for-profit arm structured as a public-benefit corporation, balancing public mission and shareholder interests [1].

Brockman noted that all OpenAI co-founders, including Musk, supported the creation of a for-profit arm, though they disagreed on the specifics. He further stated that Musk has had little connection to OpenAI since ceasing donations in 2017 and leaving the board in 2018 [1].

CONCLUSION

The trial between Elon Musk and OpenAI's leadership centers on the organization's transition from nonprofit to for-profit status and the resulting financial gains for its co-founders. Brockman's testimony underscores ongoing disputes over OpenAI's mission and governance, with significant implications for the future direction of the company and the AI industry.

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