Through his lawsuit, Musk, who co-founded OpenAI in 2015, sought the removal of Sam Altman as CEO and company president Greg Brockman from their leadership roles, according to The Wall Street Journal.

Musk also wanted an "unwinding of the company's recent conversion to a more traditional governance structure and damages worth more than $180 billion to be paid into an OpenAI foundation," the news outlet added.

The jury found all of Musk's claims fell outside the statute of limitations.