AI BriefingOpenAI Set to Confidentially File for IPO as Early as Friday
Key point
OpenAI is preparing to submit confidential IPO paperwork as early as Friday.
Details
OpenAI is preparing to confidentially file a draft prospectus for an IPO as early as Friday.
- CNBC reported that OpenAI could file within the next several days or weeks.
- Preparation work involves Goldman Sachs and Morgan Stanley.
- An OpenAI spokesperson said the company is reviewing several strategic options as part of regular governance, and that the current focus is on execution.
The company has been valued at over $850 billion based on private investors, and CNBC had previously reported that OpenAI has been preparing for a listing in Q4 of this year.
This move is also seen as a sign that the rivalry between Sam Altman and Elon Musk is spilling over into Wall Street, coinciding with SpaceX's own IPO preparations. OpenAI has been at the center of the AI boom since the launch of ChatGPT, but it is facing pressure to go public amid large-scale fundraising, high cash burn, and pursuit by competitors such as Anthropic.
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