Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.”

Elon Musk said in a Wednesday filing he'll withdraw his bid for the nonprofit controlling OpenAI if it's "prepared to preserve the charity's mission."

As part of the buyer's due diligence process, the letter states that OpenAI must grant it "access to any assets, facilities, equipment, books, and records of the Company in connec