Musk Says OpenAI Equity Is Fake, Ignores SpaceX Tokens

Elon Musk isn’t holding back. After OpenAI warned that “OpenAI tokens” aren’t actual equity, Musk replied with his usual spice: OpenAI’s real equity is fake too.

He didn’t mention Robinhood’s tokens linked to SpaceX.
Awkward silence, anyone?

Musk has been roasting OpenAI for a while. His main beef? The company ditched its nonprofit roots. He says it’s all about profit now, not people.

He argues OpenAI has drifted from its “open” mission. Instead of helping everyone, Musk claims it’s helping investors. Oof.

Not Real Equity, But Close Enough
Robinhood’s CEO Vlad Tenev jumped in. He admitted stock tokens aren’t real equity—but hey, they give regular folks a taste of private company action.

Tenev called the giveaway a “seed for something bigger.”
Translation: more tokenization is coming.

Robinhood’s not alone either. Exchanges like Kraken and Bybit also offer tokenized US stocks—but only to European users.

So, even if it’s not real equity, it’s real exposure. And the fight over who’s legit just got messier.