He has a bit of a track record already.
Now he's making a for profit company and there's already MAX and MAX Enterprise stuff to not trust that the open source part would be competitive with already great inferencing frameworks for example.
Are you talking about your libc equivalent or MAX?
Mojo standard library is already open source. Mojo at the moment does not need a runtime (but if it ever needs one it'd get open sourced). My point was, Mojo as a whole, as a programming language & a reference implementation, will definitely get open sourced.
MAX itself is a bigger beast to work with, and I am out of my depth to talk about it. I think it'll get open sourced as well, just the timeline might be different (shorter or longer, IDK).