Musk vs. Altman: AI Titans Eye Landmark IPOs

Elon Musk lost his lawsuit against OpenAI CEO Sam Altman on Monday. This decision ends one round in their fight and sets the stage for a bigger battle. Both men are gearing up to lead potentially record-setting initial public offerings. Musk's SpaceX, valued at $1.25 trillion, plans to disclose its prospectus this week. Altman's OpenAI, valued at over $850 billion, is eyeing a market debut later this year. Only two tech companies, Facebook and Alibaba, have been valued at even $100 billion after their first day of trading on U.S. exchanges. Gene Munster of Deepwater Asset Management says the "theater is now done," and it's time to see what these companies can build around AI. An advisory jury found Musk waited too long to file his suit, a decision adopted by a District Court Judge. Musk's attorneys plan to appeal. This battle highlights the high stakes and intense competition surrounding the future of AI.