The changes, which clear the way for OpenAI to receive more than $22 billion recently approved by investor SoftBank, eliminated a prior capped-profit model, while opening a path for OpenAI to raise more from investors in future funding rounds and eventually go public. Microsoft, one of OpenAI’s biggest financial backers, will have a stake in the for-profit company worth more than $130 billion and said it supports the new structure.

News of the restructuring followed agreements OpenAI reached with California and Delaware — where the company is based and incorporated, respectively — after the states had launched probes into the restructuring plan. Under the terms of the deals, the states agreed not to take the company to court or otherwise try to stop the changes.

The deals were the culmination of more than a year of work by OpenAI’s Chief of Global Affairs Chris Lehane, and a crack team of Democratic operatives he assembled to assuage the concerns of state officials, particularly in California, where the company had focused much of its lobbying efforts to secure an agreement.

Critics of the restructuring, including Musk, have pushed to stop it, arguing it strays from the nonprofit’s founding mission to ensure that in the future if AI systems become generally smarter than humans they benefit everyone. The company has countered that the changes allow it to better serve that mission amid a highly competitive global AI race.

OpenAI and Lehane had left the door