Elon Musk lost a two-hour trial against OpenAI, eliminating the biggest obstacle to a trillion-dollar IPO

Nine jurors at the Oakland Federal Court reached a verdict in less than two hours, ruling that Musk's lawsuit was filed too late. Judge Yvonne Gonzalez Rogers immediately adopted the verdict, dismissing the claims of violating charitable trust and unjust enrichment. Musk's lawyers stated they reserve the right to appeal, and Musk himself claimed on Truth Social that it was a "calendar technical issue."
The apparent goal of this lawsuit was $134 billion in damages and the removal of Oatman, but the real battleground has never been in court. During the trial, Musk admitted that his attempt to acquire a 50% stake in OpenAI for $1 billion was rejected, and he wanted to use legal means to regain influence over a company he cannot control. The direct consequence of losing is the clearing of the biggest legal risk before OpenAI's IPO. Previously, OpenAI was valued at $300 billion, and the FT headline directly stated, "The fate of the trillion-dollar IPO is in the hands of the Oakland jury." The difficulty of overturning factual findings on appeal is very high, and the IPO timeline is unlikely to be delayed.
On the same day, Musk said he wants to "move forward quickly" with the SpaceX IPO. Having lost the OpenAI case, Musk is accelerating the realization of his most valuable asset. $DOGE
{spot}(DOGEUSDT)