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OpenAI Set to File for IPO Within Days, Targeting September Listing: WSJ

By Decrypt
May 21, 2026
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Decrypt reached out to OpenAI for comment on the report, but did not immediately receive a response.

“All OpenAI equity is subject to transfer restrictions,” the firm said. “This means that OpenAI equity cannot be directly or indirectly transferred unless the seller first obtains OpenAI’s written consent. Any attempted transfer—which includes any pledge, encumbrance or other similar disposition—that does not follow this requirement is void.”

Elon Musk Loses $150 Billion AI Lawsuit Against OpenAI and Sam Altman

"Regarding the OpenAI case, the judge and jury never actually ruled on the merits of the case, just on a calendar technicality," Musk said. "There is no question to anyone following the case in detail that Altman and Brockman did in fact enrich themselves by stealing a charity. The only question is WHEN they did it!"

"I will be filing an appeal with the Ninth Circuit, because creating a precedent to loot charities is incredibly destructive to charitable giving in America," he added. "OpenAI was founded to benefit all of humanity."

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