Rudro Chakrabarti
Sun, July 12, 2026 astatine 2:15 PM CDT 4 min read
Musk, an OpenAI co-founder-turned-rival who runs the recently nationalist SpaceX and its xAI unit, pounced astir immediately. He resurfaced a station branding Altman "Scam Altman" (1) and added that Altman takes scamming to a full caller level. In a abstracted jab tied to Apple's complaint, Musk accused Altman of graduating from "stealing an unfastened root AI charity" (2) to trying to bargain each of Apple's telephone technology.
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Altman fired backmost astatine Musk directly, posting: (3)"homeboy you're the 1 selling nationalist marketplace investors connected short-term abstraction datacenters" — a changeable astatine the orbital information centers Musk has pitched arsenic a hole for AI's monolithic vigor demands. He besides worked successful a boast astir OpenAI's latest model, penning that (4) "there are a batch of benchmarks that suggest 5.6 sol is the champion exemplary successful the satellite close now, but the astir reliable mode to archer is that elon is obsessed with maine again."
Underneath the insults is simply a existent combat implicit capitalist money.
Clash of IPO titans
Musk's excavation astatine Altman is aimed astatine a institution racing toward its ain IPO. OpenAI confirmed successful June (5) that it had confidentially filed draught paperwork, and reports constituent to a listing that could worth it supra $1 trillion, though the company's concern main has signaled the timing whitethorn gaffe to precocious 2026 oregon 2027. Altman's excavation astatine Musk is aimed astatine a institution investors tin bargain close now. SpaceX went nationalist (6) connected June 12 successful the largest IPO successful history, pricing astatine $135 a stock and closing its archetypal afloat trading time worthy astir $2 trillion.
Unlike astir blockbuster offerings, SpaceX handed a large portion to regular people. It targeted astir 30% (7) — against the 5% to 10% emblematic of large listings — and ended up allocating astir 20% (8) to idiosyncratic investors globally, distributed done retail brokerages including Robinhood, Fidelity, Charles Schwab, SoFi and E*TRADE.
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