Elon Musk says OpenAI equity is fake, silent on Robinhood's SpaceX stock token

Key Takeaways

After OpenAI stated the “OpenAI tokens” don’t characterize actual fairness, Elon Musk replied by calling OpenAI’s precise fairness pretend.
Musk has repeatedly and publicly criticized OpenAI’s revenue mannequin and transparency.

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

The tech mogul stated the OpenAI fairness is pretend, whereas staying silent on Robinhood’s inventory tokens, which additionally embrace ones providing oblique publicity to SpaceX, the corporate he leads.

Your “fairness” is pretend
— Elon Musk (@elonmusk) July 2, 2025

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

The CEO of Tesla has lengthy argued that the transition violated its founding rules. He has accused OpenAI of drifting from its authentic mission of public profit and openness, elevating considerations about OpenAI prioritizing industrial 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 inventory token giveaways aren’t technically fairness. Nonetheless, they supply retail buyers with efficient publicity to non-public property.

“Our giveaway crops a seed for one thing a lot larger, and since our announcement we’ve been listening to from many personal corporations which might be keen to affix us within the tokenization revolution,” Tenev famous.

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