OpenAI confidentially filed IPO paperwork on June 8 but is now leaning toward postponing the public offering until 2027 due to recent volatility in tech stocks and SpaceX’s turbulent debut on June 12 [1, 2, 3, 4, 5]. The company aims for a valuation of up to $1 trillion, and CEO Sam Altman has rejected any valuation cut as a "non-starter," according to anonymous sources close to him [1, 3].
OpenAI raised $122 billion in funding earlier this year at an $852 billion post-money valuation [2, 3, 4, 5]. It is working with Goldman Sachs and Morgan Stanley as advisers for the IPO [2, 3, 4, 5]. While it has not set a firm timeline, the company said the decision involves tradeoffs between going public sooner or remaining private longer. A company statement said, "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company" [2].
The recent volatility includes SpaceX’s rocky stock market debut, which has influenced OpenAI’s stance on timing [2, 3, 4, 5]. Rival AI company Anthropic has confidentially filed for an IPO possibly in late 2026 with a valuation around $965 billion [2, 3, 4, 5].
OpenAI is also planning a limited preview release of its GPT 5.6 model, subject to government approval on a case-by-case basis [1]. The company’s next significant milestone will be deciding whether to move ahead with an IPO in 2027 or maintain private operations longer.
