OpenAI, the leading AI platform and ChatGPT developer, is reportedly leaning towards launching its landmark IPO in 2027, according to the New York Times. The Times reported Friday that three people involved in the company’s deliberations said, a turnabout that punctuates the uncertain future for fast-rising artificial intelligence giants.
OpenAI previously hired bankers at firms including Goldman Sachs and Morgan Stanley to assist in the IPO planning. Sam Altman, the company’s chief executive, pushed those advisers to find a way for the start-up to be valued at $1 trillion, up from the company’s last private valuation of $730 billion, according to The New York Times’ sources. Altman-rival Elon Musk recently became a billionaire after his company, SpaceX, launched its own IPO earlier this month. OpenAI is expected to perform as well as, if not better than, the SPCX IPO; however, investors may have to wait a bit longer for the public offering.
Furthermore, Global markets have been inconsistent in recent weeks. Tech stocks continue to drag down indexes as investors question whether A.I. companies will live up to their sky-high promises. The AI bubble worry isn’t new; it weighed down tech stocks earlier this year. That has caused OpenAI’s advisers, in conversations with the company over the past week, to caution that it may not find much enthusiasm from retail investors for its own shares, two of the people involved said.
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OpenAI has yet to confirm the reported plans to delay its IPO until 2027. Previously, the company hinted at September 2026 as a potential IPO launch period.