Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
#MuskLosesLawsuitAgainstOpenAI
⚖️⭐ LANDMARK VERDICT: Elon Musk Loses $150 Billion Lawsuit Against OpenAI ⭐⚖️
The biggest legal battle in AI history just ended — and Elon Musk walked away with zero wins. On May 18, 2026, a federal jury in Oakland, California unanimously rejected Musk's entire $150 billion lawsuit against OpenAI, Sam Altman, and Greg Brockman, ruling that the world's richest person brought his case too late.
🎯 THE VERDICT IN NUMBERS
▸ Jury size: 9 jurors
▸ Deliberation time: Less than 2 hours
▸ Decision: Unanimous dismissal on all claims
▸ Reason: Statute of limitations expired — Musk waited too long to sue
▸ Lawsuit value: $150 billion (one of the largest ever filed)
The jury found that Musk knew about OpenAI's shift toward a for-profit structure as early as 2017 — two years after the company was founded — yet waited until 2024 to file his lawsuit. That 7-year delay fatally undermined his case.
🔥 WHAT MUSK CLAIMED
Musk accused OpenAI, Altman, and Brockman of:
▸ Manipulating him into donating $38 million
▸ Betraying their original nonprofit mission to benefit humanity
▸ Going behind his back by attaching a for-profit business to the nonprofit
▸ Accepting tens of billions from Microsoft and other investors
▸ "Stealing a charity" — Musk's own words on the witness stand
Musk's core argument: "It is not OK to steal a charity." He painted himself as a co-founder who was deceived into funding an organization that later abandoned its founding principles for corporate profit.
💡 WHY MUSK LOST
The jury didn't need to decide whether OpenAI actually betrayed its mission. They simply ruled Musk filed too late. Key timeline:
▸ 2015: OpenAI founded as nonprofit by Musk, Altman, Brockman
▸ 2017: Discussions about shifting to for-profit began — Musk was involved
▸ 2019: OpenAI created capped-profit entity; Musk departed
▸ 2020-2023: OpenAI secured billions from Microsoft, grew into AI powerhouse
▸ 2024: Musk finally filed lawsuit — 7 years after knowing about the shift
OpenAI's attorney William Savitt called it: "A hypocritical attempt to sabotage a competitor." The jury agreed.
🚀 WHAT THIS MEANS FOR MARKETS
The verdict clears OpenAI's path to what could be the LARGEST IPO in history:
▸ Potential valuation: $1 trillion range
▸ Expected exchange: NYSE listing
▸ Timeline: Could happen this year
▸ Impact: Would be the biggest tech IPO ever
For crypto and AI markets, this is massive:
▸ AI token sector gets a clear signal — OpenAI is unchallenged
▸ Musk's xAI/Grok faces credibility questions after this loss
▸ Microsoft partnership with OpenAI now fully unobstructed
▸ The AI competitive landscape is crystallizing — OpenAI leads, Musk follows
📊 KEY TAKEAWAYS
1️⃣ Timing matters — even a $150B claim dies if filed too late
2️⃣ OpenAI's IPO road is now clear of this major obstacle
3️⃣ Musk promised an appeal — but legal experts say the statute of limitations ruling is extremely hard to overturn
4️⃣ The AI industry's most consequential legal chapter closes
5️⃣ Altman wins the credibility battle — for now
The judge herself stated she was "prepared to dismiss on the spot" based on the substantial evidence supporting the jury's finding. Musk has vowed to appeal, but reversing a unanimous jury verdict on statute of limitations grounds is historically rare.