Sam Altman-led OpenAI is preparing to file for IPO soon: Report

OpenAI is reportedly planning to file an initial public offering (IPO) as early as this week. According to a report by The Wall Street Journal, the ChatGPT-maker is working with Goldman Sachs and Morgan Stanley on IPO paperwork and could confidentially file documents with the US Securities and Exchange Commission in the coming days. The move would mark a major moment for the AI industry, as investors continue to pour money into companies leading the AI boom. As per multiple reports, the Sam Altman-led AI company could begin selling shares to the public by September this year.


According to The Wall Street Journal, OpenAI has recently cleared a major hurdle ahead of a possible public listing after a federal court rejected a lawsuit filed by Elon Musk. Musk, who co-founded OpenAI before later criticizing the company, had argued that OpenAI improperly shifted from a nonprofit mission to a for-profit structure. Musk has said he plans to appeal the decision.


The New York Times also reported that OpenAI is monitoring stock market conditions closely and that the exact timing of the filing is still uncertain. A spokesperson for OpenAI told the newspaper, “As part of normal governance, we regularly evaluate a range of strategic options. Our focus remains on execution.”

OpenAI IPO comes as AI race speeds up

The reports come as several AI companies are reportedly exploring public listings. Musk’s aerospace company SpaceX, which earlier merged with his AI startup xAI, is also expected to reveal IPO paperwork soon, according to The Wall Street Journal.


Meanwhile, Anthropic, one of OpenAI’s biggest competitors, has also been linked to IPO plans. Previous reports suggested the company is raising more than $30 billion at a valuation of around $900 billion, although it has also faced scrutiny from the Trump administration over supply chain concerns.