en.Wedoany.com Reported - U.S.-based OpenAI is preparing to confidentially file for an initial public offering (IPO) within the coming weeks, targeting a public listing as early as autumn 2026. Goldman Sachs and Morgan Stanley are assisting the ChatGPT developer in preparing its prospectus, with materials potentially being submitted to regulators as soon as May 22, though the exact timing has yet to be finalized.
Responding to market rumors, an OpenAI spokesperson said in a statement: "As part of normal governance, we regularly evaluate a range of strategic options. Our focus remains on execution." This statement aligns with previous messages conveyed by company executives—last month, OpenAI Chief Financial Officer Sarah Friar said in an interview that for a company of OpenAI's scale, "operating, presenting, and managing as a public company" is a "good discipline," though she declined to disclose a specific listing timetable at the time.
OpenAI is currently one of the world's most highly valued private technology companies, second only to SpaceX. In its latest funding round completed in March this year, OpenAI raised $122 billion at a valuation of $852 billion, with institutions including Amazon, Nvidia, and SoftBank participating in the subscription. Since ChatGPT's launch in late 2022, the company has raised over $180 billion cumulatively. If the IPO valuation ultimately surpasses the $1 trillion mark, it would be one of the largest public listings in the history of global capital markets.
In terms of timing, OpenAI is advancing its listing plans during the same period as competitors Anthropic and SpaceX. SpaceX confidentially filed its S-1 with the U.S. Securities and Exchange Commission last month, targeting a valuation of approximately $1.75 trillion; Anthropic is currently in talks with investors for a new funding round that could value it at around $900 billion. The competitive race to go public among three trillion-dollar tech giants within the same window is seen by the market as a landmark event in the capital contest within the AI and space economy sectors.
Earlier this week, OpenAI cleared a major obstacle on its path to an IPO. On May 18, a federal court jury in California rejected all claims brought by OpenAI co-founder Elon Musk against the company and current CEO Sam Altman. Musk had alleged that Altman and others breached a promise to "preserve OpenAI's non-profit nature." The jury ultimately determined that his lawsuit was filed too late, ruling in favor of OpenAI. Musk subsequently stated via social media platform X that he would appeal.
Despite the intense market attention, OpenAI still faces a series of practical challenges. The company needs to prove to public market investors that its persistently high spending on computing power and data center infrastructure can generate commensurate revenue growth. Meanwhile, competitive pressure from rivals such as Anthropic and Google continues to intensify. However, following the court victory in its lawsuit with Musk, which cleared a key legal hurdle, the pace of OpenAI's IPO process is noticeably accelerating.
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