OpenAI to confidentially file for IPO as soon as Friday: Report
The filing could let OpenAI raise fresh capital as it faces rising compute costs and intense competition from cheaper AI rivals.
- On Wednesday, the Wall Street Journal reported that OpenAI is working with Goldman Sachs and Morgan Stanley on a draft IPO prospectus, with a confidential filing possible as early as this Friday.
- A California court dismissed Elon Musk's $150 billion lawsuit against OpenAI, Sam Altman, and Greg Brockman on procedural grounds, as Judge Yvonne Gonzalez Rogers ruled the claims were filed past the statute of limitations.
- Musk intends to appeal, arguing the outcome was based on a 'calendar technicality' and maintaining that leadership improperly enriched themselves, though the court did not assess these underlying allegations.
- Rocket-Maker SpaceX could disclose its own IPO filings as soon as Wednesday, creating a competitive showdown as SpaceX is now a major rival to OpenAI in the AI sector.
- OpenAI chief executive Sam Altman reportedly hopes the company will be ready to go public by September, seeking capital to support the mounting costs of building advanced artificial intelligence systems.
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57 Articles
OpenAI to Submit IPO Application as Early as the 22nd; Aiming for a September Listing. OpenAI, the developer of ChatGPT, appears to plan to submit an initial public offering (IPO) application to securities market authorities as early as this week. OpenAI has been preparing an investment prospectus with investment banks such as Goldman Sachs and Morgan Stanley, and this...
Report: OpenAI Is About to File for an IPO
A much-anticipated event in the tech world is nigh. OpenAI, which everyone has known is prepping for an IPO that should prove dramatic — and profitable for early employees like Sam Altman and Greg Brockman — may be preparing IPO paperwork in a matter of days or weeks. That's from a Wall Street Journal report Wednesday that pegs the IPO filing to sometime "very soon," and the Journal adds that "Bankers at firms including Goldman Sachs and Morgan …
OpenAI, SpaceX IPOs on deck
The market is bracing for two massive initial public offerings from two tech rivals. Elon Musk’s SpaceX on Wednesday officially disclosed plans to list on the Nasdaq. But OpenAI, led by Sam Altman, who this week fended off a lawsuit from Musk — threatens to steal the thunder from SpaceX, with a confidential filing potentially coming this week, The Wall Street Journal reported. The listings would make 2026 the largest year ever for IPOs: AI start…
According to a person familiar with the plan, OpenAI is preparing to submit the initial public bid request in the coming weeks and aims at its stock market debut sometime in the fall. ChatGPT creator is working with Goldman Sachs and Morgan Stanley to file a confidential stock exchange request as soon as Friday, May 22, but the exact date remains uncertain, said the person, who asked not to be identified because the information is not public. Op…
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