Resolves YES if Elon Musk & OpenAI formally begin the process for Elon Musk or his associated companies to be—whether alone or as part of a consortium of other investors—the majority/controlling owner of OpenAI before market close (August 31st, 2025). Otherwise (including in the absence of any other information), resolves NO at market close.
It does not matter if the process is eventually blocked before it completes, there just needs to be a formal-ish announcement from both parties.
There are many edge cases I cannot specify in advance, so please ask clarifying questions if you are unsure. I plan to be fairly broad with how I define "Musk buying OpenAI"—the goal is to capture the spirit of the headlines.
1,000
3.00Article without paywall: https://www.ft.com/content/3a673ed2-26d5-47af-9028-8af7d742c2e7
From what I understand: It appears to be a move to troll Sam Altman/get higher payouts for people involved in the non-profit, they wanted to value the non-profit at 30 billion, but having a buy offer for about 100 billion makes that a bit more complicated.
The relevant WSJ headline: https://www.wsj.com/tech/elon-musk-openai-bid-4af12827?mod=hp_lead_pos1
