OpenAI could file confidential IPO paperwork within days
OpenAI is also preparing an IPO, according to the Wall Street Journal, and could file confidential paperwork with the SEC within days. Banks like Goldman Sachs and Morgan Stanley are helping put together the IPO prospectus. The target is a listing starting in September. OpenAI was valued at $852 billion in a recent funding round.
One major hurdle was cleared this week—at least for now. OpenAI won its lawsuit against co-founder Elon Musk, who accused the company of turning a nonprofit into a for-profit business. Musk plans to appeal.
Challenges remain. OpenAI recently missed internal revenue and user targets, and rivals like Anthropic and SpaceX are planning IPOs of their own.
AI News Without the Hype – Curated by Humans
Subscribe to THE DECODER for ad-free reading, a weekly AI newsletter, our exclusive "AI Radar" frontier report six times a year, full archive access, and access to our comment section.
Subscribe nowRead on for the full picture.
Subscribe for hype-free coverage.
- Full access to every article on THE DECODER
- No ads
- Join the comments and community discussions
- A weekly AI news recap via mail
- 6x/year: "AI Radar" — deep dives on the AI topics that matter most
- Daily AI news, always up to date
- Our full ten-year archive
- Covered by a team with 10+ years in AI