Ultraman Wealth Closed Loop Exposure: Helion Holdings Surge to $4.1 Billion, Pushing OpenAI to Invest $500 Million According to Beating Monitoring, The Wall Street Journal has revealed through court documents leaked from the Musk v. OpenAI case that Sam Altman used OpenAI's commercial contracts to drive up personal investment valuations in a wealth loop. Due to Ultraman not holding any equity in OpenAI, its financial returns are entirely dependent on external startups invested by individuals. The operation mode of wealth closed-loop is: OpenAI signs procurement contracts or cooperation agreements to increase the valuation of the startup company, and then attracts OpenAI's major shareholders (such as Thrive Capital) or partners (such as SoftBank) to invest at a high premium, thereby enabling Ultraman to directly achieve a personal wealth boom. In June 2026, after OpenAI's major shareholder Thrive Capital invested in nuclear fusion company Helion at a valuation of $15.5 billion, insiders revealed that Ultraman's personal shareholding value in Helion had doubled to at least $4.1 billion. In 2025, Ultraman requested OpenAI to invest approximately $500 million in Helion, causing some employees to feel uneasy. OpenAI subsequently refused the investment; But the two sides signed a revised new cooperation agreement in March 2026, and Ultraman also stepped down as a director of Helion in the same month to avoid conflict. In addition, after chip manufacturer Cerebras obtained OpenAI's chip procurement commitment and successfully completed its IPO, Ultraman's shareholding value in Cerebras has skyrocketed by more than six times compared to December 2025. After the life extension startup Retro Biosciences reached a research collaboration with OpenAI, according to evidence disclosed in Elon Musk's lawsuit, Ultraman's stake in Retro had reached a value of $258 million as of December 2025. At present, at least 10 companies invested by Ultraman have related transactions with OpenAI. The US House Oversight Committee has launched a formal investigation, and several state attorneys general have also called on the US Securities and Exchange Commission to review Ultraman. [Original link]