OpenAI is reportedly considering postponing its public debut from this year to next, amid Elon Musk’s SpaceX stock decline following its record IPO and a broader slump in the public tech market.
OpenAI has engaged bankers and lawyers to prepare for an initial public offering, potentially as soon as the third or fourth quarter of this year. CEO Sam Altman has reportedly been urging them to aim for a $1 trillion valuation, as cited by three individuals involved in the discussions.
Over the past week, OpenAI’s advisers have warned the company that a public listing might not generate enough enthusiasm because of the volatile public tech market, according to the report.
OpenAI’s hesitation comes amid a busy 2026 IPO pipeline that includes some of tech’s most valuable private firms, such as its main competitor Anthropic and SpaceX. Anthropic confidentially submitted its IPO papers on June 1 for a planned late 2026 public debut, just a week before OpenAI announced its own confidential filing.
In late May, Anthropic secured funding at a $965 billion valuation, surpassing OpenAI’s private valuation for the first time. SpaceX became the first among its peers to go public on June 12, raising over $85 billion and boosting its valuation to $2.77 trillion. This also increased Musk’s net worth to as much as $1.4 trillion. However, the stock has since fallen sharply, closing at $153 on Thursday after reaching over $225 last week, causing Musk to lose his trillionaire status.
OpenAI’s latest valuation stands at $852 billion. Last year, the company generated approximately $13 billion in revenue but faced a net loss of $21 billion. It also plans to spend around $600 billion on compute and hardware through 2030.
By CEO NA Editorial Staff
