OpenAI is Reportedly Delaying Its IPO Until 2027

IBL News | New York

OpenAI may delay its planned 2026 IPO (initial public offering) until next year, according to the New York Times,

The San Francisco-based AI company is weighing whether to go public this year or hold off until 2027, as it aims to reach a $1 trillion valuation, up from the company’s last private valuation of $730 billion.

OpenAI confidentially filed its S-1 paperwork with the SEC on June 8.

Traders on the prediction market platform Kalshi think an OpenAI initial public offering will be announced by March 1, 2027.

Previously, OpenAI was widely expected to go public in 2026, the same year as Anthropic’s.

Also, at the beginning of June, OpenAI’s chief rival Anthropic confidentially filed for an IPO. Traders on Kalshi think there’s a 70% chance that Anthropic will officially announce a public market debut by December.

The New York Times said SpaceX’s public market debut — the first of what was expected to be several mega-cap IPOs this year — has made OpenAI’s advisors more cautious.

OpenAI has worried that Elon Musk’s company’s initial rally and subsequent fall signal that retail investors may have less interest in buying.

But a cascade of recent developments has caused OpenAI’s executives to shift away from their most aggressive aspirations. Top of mind is what has happened to Elon Musk’s SpaceX after its I.P.O. this month. It was the largest ever, raising more than $85 billion and reaching a valuation of

At its debut, SpaceX reached a valuation of $1.77 trillion, but since then the stock has been on a downward slide, with shares slumping to $153 at the end of Thursday’s trading day after reaching a high of $202 last week.

Moreover, investors question now whether AI companies will live up to their sky-high promises.

OpenAI reported roughly $13 billion in revenue in 2025, one of the people said, a number the company hopes to triple this year. OpenAI said this year that it was generating $2 billion in monthly revenue and has more than 2 million business customers.

OpenAI, run by Sam Altman [in the picture above], is currently spending heavily on marketing and recruiting high-profile engineering talent from companies like Meta and Google. It is exploring other revenue streams, including dabbling in placing ads within ChatGPT and striking e-commerce deals with companies like Shopify and Stripe that would allow users to buy things from online stores within ChatGPT.