Elon Musk lost his lawsuit against OpenAI CEO Sam Altman on Monday, marking a setback in their ongoing rivalry.
The dispute sets the stage for an even larger confrontation as both billionaires prepare for potentially record-breaking initial public offerings (IPOs).
Musk’s SpaceX, valued at $1.25 trillion in February following its merger with AI startup xAI, plans to file its prospectus as soon as this week.
Meanwhile, Altman’s OpenAI, which Musk co-founded in 2015 before their contentious split, is valued at over $850 billion and is eyeing a market debut later this year.
Only Facebook and Alibaba have achieved valuations exceeding $100 billion on their first day of trading in U.S. markets.
Source (CNBC)
