Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI

Unsolicited offer complicates Sam Altman’s plans to convert OpenAI to a for-profit company

Feb 11, 2025

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A consortium of investors led by Elon Musk is offering $97.4 billion to buy the nonprofit that controls OpenAI, raising the stakes in his battle with Sam Altman over the company behind ChatGPT.

Musk’s lawyer, Marc Toberoff, said he submitted a bid for all the nonprofit’s assets to OpenAI’s board of directors Monday. The unsolicited offer adds a complicat…

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