Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.”

OpenAI’s board of directors has responded to Elon Musk’s bid to buy the company. In a statement on X, OpenAI chair Bret Taylor said, “OpenAI is not for sale, and the board has unanimously rejected Mr.

The OpenAI CEO quickly rejected the deal on Musk’s X platform, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.”