After stepping away as a co-founder, Elon Musk has repeatedly targeted OpenAI and its CEO, Sam Altman, for various reasons. However, the latest development took an unexpected turn. Earlier this week, Musk reportedly made a $97 billion offer to acquire OpenAI. While the board did not receive a formal proposal, Sam Altman has rejected the offer multiple times. Initially, he responded with, “No, thank you,” followed by a firm statement that “OpenAI is not for sale.” Finally, the company informed a federal court that Musk’s bid contradicts his ongoing lawsuit against OpenAI. Here’s a breakdown of the key events in five points.
Tesla CEO Elon Musk, alongside a group of investors, has made a formal offer to acquire OpenAI for $97 billion. According to The Wall Street Journal, Musk has approached OpenAI’s board with a proposal to take control of the company and restore its nonprofit mission.
Marc Toberoff, Musk’s attorney, highlighted the importance of fair compensation in this potential shift, stating, “If Sam Altman and the current board want OpenAI to become a fully for-profit company, it’s important that the charity is fairly compensated for losing control of such groundbreaking technology.”
Sam Altman at the 2025 Paris AI Summit
During the 2025 Paris AI Summit, Sam Altman addressed the controversy surrounding Musk’s offer. Speaking to journalists, he dismissed the entire situation, making it clear that OpenAI is not for sale.
“I have nothing to say. I mean, it’s ridiculous,” Altman told Reuters. He further remarked on the sidelines of the event, “The company is not for sale. Elon tries all sorts of things for a long time. This is, you know, this week’s episode.”
Altman’s dismissive tone underscored his lack of concern over Musk’s bid, suggesting that the billionaire’s attempts to challenge OpenAI were nothing new.
Sam Altman Calls Musk’s Move a Tactic
Altman didn’t hold back in his criticism of Musk, accusing him of using legal battles and disruptive strategies rather than focusing on genuine innovation.
“I think he is probably just trying to slow us down. He is obviously a competitor. He has raised a lot of money for xAI, and they are trying to compete with us from a technological perspective… I wish he would just compete by building a better product,” Altman stated.
Speaking to Reuters, he added, “It’s another one of his tactics to try to mess with us.”
When asked if Musk’s actions reflected insecurity about his AI ambitions with xAI, Altman responded bluntly: “Probably his whole life is from a position of insecurity. I feel for the guy. I don’t think he is like a happy person.”
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OpenAI’s Letter to the Federal Court
OpenAI has formally challenged Elon Musk’s $97 billion acquisition bid in a letter to the federal court, arguing that his proposal contradicts his ongoing lawsuit against the company. The letter highlights Musk’s claims that OpenAI should not operate for private gain, while his own offer aims to turn it into a for-profit entity.
So far, Musk has sued OpenAI twice—first in July 2024 and again in August 2024. In his initial lawsuit, he accused the company of abandoning its nonprofit mission in favor of commercial interests. The second lawsuit, filed a month later, alleged that OpenAI was recklessly advancing artificial general intelligence (AGI) with the primary goal of maximizing profits. Musk also went as far as accusing the company of racketeering.
Musk’s legal filings insist that OpenAI’s assets should remain under a charitable trust rather than be used for private financial gain. However, OpenAI argues that his takeover attempt directly contradicts this position, as it seeks to transfer the company’s assets to himself and his private investors, according to Reuters.
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