Optionality

locked — ~85-90% pre-earmarked (~$1.0-1.4T compute obligations vs ~$180B raised) and burning; the board's canonical cash-rich, freedom-poor actor

med confidence · as of 2026-07-26 · about OpenAI

Sourced figures 1

openai-axes bundle (Wikipedia OpenAI + Stargate LLC) compute obligations ~$1.0-1.4T vs ~$180B raised; net -$9B 2025
2026-07 med

the working

Threads 24

GPT-5.6 resolved
Jalapeño retired
OpenAI IPO developing
Microsoft's Hedge developing
Circular Financing developing
Stargate developing
Frontier Gatekeeping open
Containment Breach retired
Nippon Life v. OpenAI open
Where the Capex Lands open
Compute Spend open
Datacenter Sites open
Nvidia's Order Book open
In-House Silicon open
Camellia open
Big Tech into Health open
OpenAI Health open
Lab IPO Wave open
Nvidia as Lender open
Oracle's Stargate Bet open
The #2 Cashes In open
The Rogue Agent open
AI Psychosis open
The Backlash Prices In open

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