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OpenAI completes recapitalization

Event 17 of 30 in How the Elon Musk and OpenAI dispute unfolded

The event

28 Oct 2025
Turning point
OpenAI Corporate

OpenAI completes recapitalization

OpenAI said it had completed its recapitalization. The nonprofit, renamed the OpenAI Foundation, holds equity then valued at about $130 billion in the for-profit OpenAI Group PBC.

$130 billion approximate value of the Foundation's stakeOpenAIOpen event
Sources and context

Sources for this event

Before · 24 Sep 2025
xAI sues OpenAI over trade secretsAfter · Jan 2026
Judge sends the case to a jury

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