OpenAI Eyes $1 Trillion IPO

OpenAI is reportedly preparing for a massive IPO that could value the company at up to $1 trillion. It follows a recent corporate restructuring that loosened its dependence on Microsoft and aligned its nonprofit foundation with financial success. Reuters reports: OpenAI is considering filing with securities regulators as soon as the second half of 2026, some of the people said. In preliminary discussions, the company has looked at raising $60 billion at the low end and likely more, the people said. They cautioned that talks are early and plans -- including the figures and timing - could change depending on business growth and market conditions. Chief Financial Officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said. But some advisers predict it could come even sooner, around late 2026.

An IPO would open the door to more efficient capital raising and enable larger acquisitions using public stock, helping to finance CEO Sam Altman's plans to pour trillions of dollars into AI infrastructure, according to people familiar with the company's thinking. With an annualized revenue run rate expected to reach about $20 billion by year-end, losses are also mounting inside the $500 billion company, the people said. During a livestream on Tuesday, Altman addressed the possibility of going public. 'I think it's fair to say it is the most likely path for us, given the capital needs that we'll have,' he said.

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