@ns123abc
🚨 OpenAI's original board REJECTED Altman's Helion deal Then the board got fired. Then the new board signed the deal. Altman personally made $1.4 billion. >2015: Altman invests in Helion (before OpenAI is incorporated) >2021: Helion valuation ~$700M (Series E) >2022: Altman proposes Helion deal to OpenAI board (as Helion chairman) >2022: Board does NOT approve Board member Zilis under oath: >"Super out of left field" >"A major bet on a speculative technology" >"Helion did not even have a working product" The Helion proposal was one of the main incidents that raised concerns about Altman's candor with the board. >Aug 2023: OpenAI President Greg Brockman acquires 5,978 Helion shares >Nov 17, 2023: The board fires Altman as CEO and removes Brockman as board chairman >Nov 21, 2023: Altman returns with new board selected with input from Satya Nadella >2024: New board approves the Helion deal >OpenAI signs Power Development Agreement with Helion >Early 2025: Helion valuation jumps 7.7x to ~$5.4 billion >March 2026: OpenAI signs second Helion agreement >March 23, 2026: Altman steps down as Helion chairman (one month before this trial) Altman’s disclosed Helion stake under penalty of perjury: >22 million Helion shares + warrants >worth ~$1.65 billion as of December 2025 >owns one-third of the company Helion is a nuclear fusion energy startup that has never delivered power to a single customer. Its valuation depends on commitments like OpenAI's. OpenAI’s CEO and President played both sides. OpenAI’s charter prohibits private gain. The law calls that self-dealing.