Musk lawyer says ruling sets a ‘new formula for Silicon Valley'
Jessica Rajan, Published on May 19th, 2026

After losing the case, Elon Musk's lawyer Marc Toberoff said the ruling could encourage startups that begin as nonprofits to later form for-profit entities to raise funds, scale, and enrich their executives. He called it a "brand new formula for Silicon Valley." Musk said he will appeal and reiterated that Sam Altman saw OpenAI as a means to significant wealth.
Read Full Article ...