- OpenAI is preparing to file for its landmark IPO in the coming days or weeks, according to The Wall Street Journal.
- The company recently won a key lawsuit against founder Elon Musk, clearing a major roadblock to its public offering.
- Plans remain fluid, but the goal is to go public as early as September, with a valuation from a recent round at $852 billion.
OpenAI is preparing to file for its blockbuster initial public offering within days or weeks, according to a report from The Wall Street Journal. The Artificial Intelligence startup aims to be ready for its stock market debut as early as September this year, potentially competing directly with Elon Musk’s SpaceX in the 2026 IPO race.
However, internal sources have told the publication that plans remain fluid and could still change. Consequently, CEO Sam Altman’s eagerness for an IPO is balanced by CFO Sarah Friar’s reported counsel that the company may require more time.
This development follows a significant legal victory for OpenAI earlier this week, where it prevailed in a lawsuit battle with founder Elon Musk. Meanwhile, the company recently established the OpenAI Deployment Company, which is backed by more than $4 billion in initial capital and designed to help organizations build and deploy AI systems.
Despite these moves, OpenAI recently missed multiple internal revenue and user targets after facing stiff competition from rivals Google and Anthropic. The new deployment firm is nonetheless expected to become a significant revenue driver, potentially helping to make the IPO one of the largest ever recorded.
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