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OpenAI Chief Executive Sam Altman holds much than $2 cardinal in companies that person done concern with the artificial quality company, a tribunal papers showed as Altman faces claims of self-dealing from authorities attorneys wide and Elon Musk, arsenic well arsenic a U.S. legislature investigation.
The database of investments was shown successful tribunal connected Tuesday successful hearings connected Musk’s suit seeking $150 cardinal successful damages arsenic good arsenic Altman’s removal arsenic an serviceman and committee member. Musk’s claims see breach of charitable spot and unjust enrichment. Altman has rejected those claims and successful tribunal described recusing himself from cardinal discussions with companies successful which helium invested.
Ten U.S. attorneys wide connected Tuesday also asked the U.S. Securities and Exchange Commission to scrutinise documents from OpenAI up of an expected initial public offering, and the U.S. House of Representatives’ Committee connected Oversight and Government Reform past week asked Altman for accusation connected OpenAI policies to forestall conflicts of interest.
In tribunal connected Tuesday, Musk’s pb proceedings lawyer Steven Molo exhibited a papers that revealed Altman’s holdings successful 9 companies that had done concern with OpenAI and their just marketplace worth as of December 31, 2025.
Altman does not clasp nonstop equity successful OpenAI, though helium has amassed a $4 cardinal nett worth, according to Forbes estimates, done task superior investments helium made anterior to and during his tenure astatine OpenAI. The database of companies with OpenAI deals included a $1.7 cardinal involvement successful fusion powerfulness institution Helion Energy, a $633 million involvement successful fiscal bundle institution Stripe, and $258 cardinal successful anti-aging pharmaceutical institution Retro Biosciences, each of which person OpenAI deals.
The papers besides revealed Altman had sold disconnected a involvement successful Reddit by the extremity of 2025. Altman’s holdings were worthy much than $600 cardinal connected the time the institution went nationalist successful 2024, according to SEC filings astatine the time. The different companies connected the database included spot shaper Cerebras, radical absorption bundle shaper Degree, which is known arsenic Lattice, AI device shaper Humane, AI bundle shaper Software Applications and AI pharmaceutical institution Trialspark, present known arsenic Formation Bio.
Altman was friends with Helion’s founders and archetypal invested successful the institution successful 2015, helium testified. The company, which is aiming to physique the world’s archetypal fusion powerfulness plant, does not make immoderate gross but has been valued successful the backstage marketplace astatine $5.4 billion. Altman testified that helium asked OpenAI’s committee to research moving with Helion successful precocious 2022 and that helium vouched for it being a bully deal. Helion archetypal signed an statement to unafraid aboriginal vigor for OpenAI successful 2024. Altman stepped down from Helion’s committee successful March 2026, arsenic the companies explored a larger deal.
Altman said of the 2024 woody that helium was “recused from it connected some sides” and did not motion the agreement. Molo said Altman had an “obvious conflict” successful spearheading negotiations for a May 2024 contented concern betwixt OpenAI and Reddit. “We decided that the committee would approve immoderate last terms,” Altman said. “I had different radical successful the country with me. This was a well-discussed modular firm recusal.” Molo besides questioned Altman astir a $10 cardinal computing woody with Cerebras, successful which Altman holds a involvement worthy $3.2 million.
The attorneys wide of Alabama, Arkansas, Florida, Idaho, Iowa, Louisiana, Montana, Nebraska, Oklahoma, and West Virginia, each Republicans, told the SEC, “Altman’s behaviour to day raises superior legal questions and demands adjacent scrutiny.” The SEC declined to comment.
