Musk Amplifies Apple Suit Against OpenAI as IPO Risks Mount

On July 13, Elon Musk publicly attacked Sam Altman on X following Apple’s July 10 federal lawsuit accusing OpenAI of stealing hardware trade secrets via ex-Apple executives Tang Tan and Chang Liu. The case centers on io Products, acquired by OpenAI in 2025, and adds legal and reputational pressure ahead of OpenAI’s planned IPO targeting above $1 trillion. Apple’s new Siri, now powered by Google’s Gemini, highlights the deteriorated relationship since the 2024 ChatGPT integration. Apple shares closed at $315.32, down just 0.28%, while SpaceX-linked SPCX fell sharply.