IIRC, it’s still 100% privately held by the founders, who have no intention of selling up.

Drew DeVault recently wrote a simple but functional UNIX kernel in a new systems programming language named Hare in about a month, which suggests that doing something similar in Rust would be equally feasible. One or two motivated individuals could get something up which is semi-useful (runs on a common x86 PC, has a console, a filesystem, functional if not necessarily high-performance scheduling and enough of the POSIX API to compile userspace programs for), upon which, what remained would be a lot of finishing work (device drivers, networking, and such), though not all of it necessary for all users. Doing this and keeping the goal of making it a drop-in replacement for the Linux kernel (as in, you can have both and select the one you boot into in your GRUB menu; eventually the new one will do enough well enough to replace Linux) sounds entirely feasible, and a new kernel codebase, implemented in a more structured, safer language sounds like it could deliver a good value proposition over the incumbent.

It does, until you realise that his monstrous wealth insulates him from any consequences, deflecting them onto the heads of mortals. No matter what he does, he’ll be alright.