Elon Musk says OpenAI equity is faux, silent on Robinhood’s SpaceX stock token

Explore insights within the AI & Blockchain area. This article dives into: “Elon Musk says OpenAI equity is fake, silent on Robinhood’s SpaceX stock token”.

Key Takeaways

• After OpenAI mentioned the “OpenAI tokens” don’t signify actual equity, Elon Musk replied by calling OpenAI’s precise equity faux.
• Musk has repeatedly and publicly criticized OpenAI’s revenue mannequin and transparency.

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OpenAI’s key early backer Elon Musk reacted to the corporate’s latest warning that “OpenAI tokens,” apparently linked to Robinhood’s stock token giveaway, don’t signify equity.

The tech mogul mentioned the OpenAI equity is faux, whereas staying silent on Robinhood’s stock tokens, which additionally embody ones providing oblique publicity to SpaceX, the corporate he leads.

Your “equity” is faux

— Elon Musk (@elonmusk) July 2, 2025

Musk’s remark probably bolstered his ongoing critique of OpenAI’s company construction. He has repeatedly voiced criticism for the reason that firm shifted from a nonprofit to a for-profit mannequin.

The CEO of Tesla has lengthy argued that the transition violated its founding ideas. He has accused OpenAI of drifting from its unique mission of public profit and openness, elevating considerations about OpenAI prioritizing business partnerships and investor returns over transparency and the general public good.

Technically, they aren’t equities

In response to OpenAI’s earlier assertion, Robinhood CEO Vlad Tenev clarified that stock token giveaways will not be technically equity. Still, they supply retail traders with efficient publicity to non-public property.

“Our giveaway plants a seed for something much bigger, and since our announcement we’ve been hearing from many private companies that are eager to join us in the tokenization revolution,” Tenev famous.

Robinhood has joined plenty of business gamers like Kraken and Bybit to allow non-US traders to commerce tokenized variations of quite a few US shares. The platform’s stock and ETF tokens are solely accessible to European traders.

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